This form is the place where you can set up starting balance for capital account.
The form includes the following fields:
Select capital account that you have created under Capital Accounts
tab.
Select whether starting balance represents debit or credit amount. Typically, select Debit
if capital account represents asset on your Balance Sheet
and select Credit
if capital account represents liability on your Balance Sheet
.
Enter the opening balance amount for this capital account. This represents the capital account balance at the beginning of your accounting period in Manager.