Adding or Modifying Opening Balances

Opening balances represent the initial amounts in your accounts when you start using ERP ERP. This guide explains how to add or modify these balances.

1. Go to the 'Accounting Module' and click on 'Opening Balances.'
2. Click 'Add Opening Balance' to set up a new balance or 'Edit' to modify an existing one.
3. Select the account for which you want to add or modify the opening balance.
4. Enter the balance amount, date, and any relevant notes.
5. Review the details and ensure accuracy before saving.
6. Click 'Save' to update the account with the new or modified opening balance.
7. Verify the changes by reviewing the account's updated balance sheet.

• Go to the 'Accounting Module' and click on 'Opening Balances.'
• Click 'Add Opening Balance' to set up a new balance or 'Edit' to modify an existing one.
• Select the account for which you want to add or modify the opening balance.
• Enter the balance amount, date, and any relevant notes.
• Review the details and ensure accuracy before saving.
• Click 'Save' to update the account with the new or modified opening balance.
• Verify the changes by reviewing the account's updated balance sheet.