M
DownloadReleasesGuidesChatbotAccountantsForumCloud Edition

Starting balanceCapital AccountEdit

This form is the place where you can set up starting balance for capital account.

The form includes the following fields:

Capital Account

Select capital account that you have created under Capital Accounts tab.

Starting balance

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.

Starting balance

Enter the opening balance amount for this capital account. This represents the capital account balance at the beginning of your accounting period in Manager.