2012-12-20T17:43:54Z PunBB https://frontaccounting.com/punbb/viewtopic.php?id=3664 Use the profit and loss account or any suspense account - it will all zero out since the Balance Sheet is balanced. Even a dummy Balance Sheet Type account possibly named "Opening Balances Transfer Account" would suffice.

]]> https://frontaccounting.com/punbb/profile.php?id=364 2012-12-20T17:43:54Z https://frontaccounting.com/punbb/viewtopic.php?pid=14736#p14736 I have read that I am to set the initial bank balance, stock and other G/L balances to match my last balance sheet.
But Journal Entries have TWO parts where should I allocate the second line?
Please could you give an example showing both sides of the Journal Entry.

]]> https://frontaccounting.com/punbb/profile.php?id=9282 2012-12-20T17:13:03Z https://frontaccounting.com/punbb/viewtopic.php?pid=14735#p14735