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home/Knowledge Base/Accounting/How to add opening balance for an operating account?

How to add opening balance for an operating account?

12 views 0 December 5, 2022 Updated on December 9, 2022 mippsupportadmin

To add an opening balance, you can use journal transactions (bank account debit, owner equity credit ).

Follow the steps below to add an opening balance for the operating account:

  • Go to Accounting > Journal Transaction
  • Click Add New
  • Make sure to fill in the required field, Description, Date, Property (we provided a drop-down option for Account)
  • Click Add line if you need more account
  • Once done, click ‘Submit’

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