1.4.1: How to Create 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.

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




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.

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



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.

Next: How to Create a Bank Statement