Just upgraded to 8.32 and cant seem to find the ‘opening balances’ in settings anymore…
I made it a report so it’s available under Reports tab from now on. Mechanics are the same.
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?
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