New merchant bank account

I have just set up merchant bank account which I have from beginning of December 2016. I created opening balance as for 2nd February. I set up it as default now. Is it OK or should I start tagging from 1st December. I did the same with Paypal merchant account.

Hi @awariat

When is your first transaction on the account? The opening balance should be the first transaction on the account, and everything else follows from there.