# Creating new business with opening balances

**URL:** <https://forum.manager.io/t/creating-new-business-with-opening-balances/12485>\
**Category:** Uncategorized\
**Created:** [October 31, 2017, 1:08pm UTC](https://forum.manager.io/t/creating-new-business-with-opening-balances/12485 "2017-10-31T13:08:27Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![UmerButt](https://avatars.discourse-cdn.com/v4/letter/u/5f9b8f/32.png) [@UmerButt](https://forum.manager.io/u/UmerButt)\
**Post date:** [October 31, 2017, 1:08pm UTC](https://forum.manager.io/t/creating-new-business-with-opening-balances/12485/1 "2017-10-31T13:08:27Z")

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Hi  
I am going to add a New Business in cloud version, i got the Idea of how to set the opening balances of the Customers and Suppliers but the problem is with my Capital Accounts Balance.  
When i put Capital which i had previously it appears in my Cash account, and all the cash balanced messed up… how to put the capital only in Capital accounts instead of Cash Or how to manage this issue?

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**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\
**Post date:** [October 31, 2017, 2:13pm UTC](https://forum.manager.io/t/creating-new-business-with-opening-balances/12485/2 "2017-10-31T14:13:09Z")

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If this is truly a new business, you should not have starting balances. You should use a bank or cash transaction to receive money and post the contributions to a capital account.

If you are moving an existing business to Manager, you should set the starting balance as of your start date for a capital account when you create it:

![12 AM](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/2X/9/9a8d5aa765d609d30c1188a7bce61dbdf197362f.png)

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<div class="post-metadata">

**Author:** ![UmerButt](https://avatars.discourse-cdn.com/v4/letter/u/5f9b8f/32.png) [@UmerButt](https://forum.manager.io/u/UmerButt)\
**Post date:** [October 31, 2017, 3:37pm UTC](https://forum.manager.io/t/creating-new-business-with-opening-balances/12485/3 "2017-10-31T15:37:11Z")

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Thanks It Helps a lot…

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**Author:** ![Ealfardan](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/ealfardan/32/63166_2.png) [@Ealfardan](https://forum.manager.io/u/Ealfardan)\
**Post date:** [January 18, 2023, 3:23pm UTC](https://forum.manager.io/t/creating-new-business-with-opening-balances/12485/4 "2023-01-18T15:23:56Z")

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Closed on January 18, 2023, 3:23pm UTC