1.4.1: How to Create Bank Opening Balance.

1.4.1 Creating a Bank Opening Balance 

How to create Bank Opening Balance.

In creating a bank statement, first we need to create an opening balance for that particular bank account. To do this follow the following steps:

Step 1. In the accounting module, click on accounting menu.
Step 2. Click on journal entries as shown below.

C:\Users\25470\Desktop\user guide for ucb\purchase\accounting\bank account\Screenshot_7.png

Step 3. On the page that opens up, click on create button as shown below.

C:\Users\25470\Desktop\user guide for ucb\purchase\accounting\bank account\Screenshot_8.png


Step 4: On the page that opens up, fill in the critical details as shown below.

When done and satisfied everything is correct.

Step 5: Click on save button and then click on post button.

C:\Users\25470\Desktop\user guide for ucb\purchase\accounting\bank account\s5.png

When posted, the opening balance will look as shown below.

C:\Users\25470\Desktop\user guide for ucb\purchase\accounting\bank account\Screenshot_10.png

When the opening balance has been posted, the opening balance will be visible in the General ledger in the bank account journal as shown below.

C:\Users\25470\Desktop\user guide for ucb\purchase\accounting\bank account\Screenshot_11.png

Next: How to Create a Bank Statement


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