Opening balance

Hello, how do I start using QuickFile with an opening balance



If you are moving from another accounting system with opening TB? This should help.

No not moving from another accounting software, but I do have an opening balance and need to know how to account for it


Hi @rawandmoreshack

If these are nominal opening balances (e.g. previous sales and purchases), you can enter opening balances by going to Account Settings >> All Settings >> Enter Opening Balances.

If they are just bank opening balances, you can modify a bank account and add these in there. This will create a journal and you’ll need to adjust the journal to account for the origin of the funds (e.g. directors loan, etc.)

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