FrontAccounting forum — openning balance

Re: openning balance

null@example.com (mfaa98) — Tue, 10 Dec 2013 05:03:39 +0000

I think for bank account should be in Debit, and Equity account on the Credit.
You can ask your accountant for more accurate answer.

Re: openning balance

null@example.com (rida) — Tue, 10 Dec 2013 04:16:41 +0000

Hi apmuthu

I have a fresh installation and am not migrating any accounting records so dont have any balance
sheet entries.
when i create the journal what account code i must enter and the amount will be dbt or crd

thanks

Rida

Re: openning balance

null@example.com (apmuthu) — Tue, 10 Dec 2013 03:40:30 +0000

Enter one Journal Voucher with all Balance Sheet Entries (amounts) in detail dated the beginning of the Fiscal Year (close of last Balance Sheet).

openning balance

null@example.com (rida) — Tue, 10 Dec 2013 02:15:40 +0000

have installed the FA and everything works fine .
I need to make an opening balance to the bank account and i dont know how to do it.

I did create bank account and now the problem is how can i post initial opening balance.
do i need to use the "quick entry Link"or "GL accounts link" this one is real confusing to me.
Please need your help here.

Thanks

Rida