DESKTOP EDITION CLOUD EDITION SERVER EDITION GUIDES FORUM

Can't find opening balances setting in latest version


#1

Just upgraded to 8.32 and cant seem to find the ‘opening balances’ in settings anymore…


#2

I made it a report so it’s available under Reports tab from now on. Mechanics are the same.


#3

I have entered opening balance of cash in hand so it is showing in suspense account. When I clicked suspense account on summary page it took me to opening balance sheet, there I clicked suspense account it took me to other page i can see small edit option, I clicked it, again showing be same opening balance sheet.

How to transfer from suspense to retained earnings?


#4

You can’t set opening balance for Suspense account. The idea is that if opening balance debits & credits don’t equal on other accounts, the difference is posted to Suspense account to make debits & credits equal.

In other words, edit opening balance for Retained earnings