How do i add starting balances for Balance Sheet Accounts in Manager

1

When i visit Chart of Accounts in settings and edit the account i dont see starting balance, when i go to summary, then click on an account (using the balance clickable number) then i dont see also starting balance. Also, when i go to starting accounts then click balance sheets, i am unable to add any starting balance

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2

Hello,

That depends on the type of account in question. Is it an ordinary balance sheet account?

Or is is a control account or another built in account?

3

ordinary, like rent, or printing and stationary

But would be good to know also about control accounts as well

4

These seem to be profit and loss accounts and these don’t have any starting balances by definition.

If you still want to show profit and loss from pre-starting period, you can do so using a Journal Entry

5

alright and what about control accounts?

how can they appear in balance sheet starting balances

and are there any other type of accounts that can be added in balance sheet starting prices?

6

Almost all control accounts can have their starting balances set from the Settings except for Accounts Receivable and Accounts Payable.

For those you need to create Sales Invoices and Purchase Invoices, respectively.

7

thanks, i appreciate the support

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