Opening Balances for Balance sheet items

1

Hello team ,

i have entered opening balances for my balance sheet items , but unfortunately they seem to appear in equity account as well , they look like they were recorded twice but they were recorded once as required like Invoices for clients , payable s etc

please assist on that

2

This is the very essence of double-entry booking - every transaction has two sides a debit and a credit

So if you add an opening stock you have increased the assets of a business and thus you need to increase an equity account - remember Assets - Liabilities = Equity

If you are adding opening balances, then you should have a balance sheet from the previous accounting software or records

3

thanks for your Support Joe , i will work on that