Create a New Initial Balance Document

To create a new Initial balance:

A listing page of Initial balances opens.

Note: Listing page is a table which contains the summary of the document entries (the created initial balance entry which is shown as a row of the table).

2. On the listing page, click + Add new.

You are taken to a page for entering the Initial balance details. The page consists of the following sections:

3.In the General area, add some notes if required, and provide the document number.

4. Under the Bank accounts tab, add information about all your existing bank accounts and their balances, along with specifying bookkeeping accounts for them.

5. Under the Goods tab, specify information about the goods that you currently have in stock and their balances, along with inventory account, warehouse information, their amounts and quantities.

6. Under the Fixed assets tab, specify the information about fixed assets that your company owns, with their inventory numbers, names, accounts for bookkeeping of expenses and depreciation, initial, salvage and residual value, a method of depreciation, its initial and used periods, dates of commissioning and decommissioning.

7. Under the Customer liability tab, add information on about your customers and invoices that they are still about to pay, along with its currency, debit and credit amounts and account for bookkeeping.

8. Under the Vendor liability tab, add information on about your vendors and purchase invoices that your company is still about to pay them, along with its currencies, debit and credit amounts and account for bookkeeping.

9. Under Other accounts tab, you may add items that not fall under any of the previous tabs.

10. Click Save.

Note: To be able to save the document, you have to fill in the required fields which are marked with an asterisk (*). 

For the document to affect the system, it has to be posted. The unposted document is considered a draft document.

For information how to post documents, see Post and Unpost Documents.

To view postings the document has made, click the Register button on the listing page next to a table entry representing this document or click the Registers icon on the toolbar on the form page of the document.

More information