Niche-Knack

Android · 0:26 video

Enter an opening balance

Record the balance that already exists in an account when you begin your books. The example starts Checking at $1,500.

Download fictional practice books · View the example statement

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Use the actual balance on your chosen starting date. Avoid entering the same opening balance twice.

1Choose Opening

In Quick Entry, tap Opening.

1 · Choose Opening. In Quick Entry, tap Opening.Enter an opening balance — step 11
Opening-balance mode. Select the image to enlarge it.

2Enter the starting balance

Tap 1, 5, 0, 0, 0, 0 for $1,500.00.

2 · Enter the starting balance. Tap 1, 5, 0, 0, 0, 0 for $1,500.00.Enter an opening balance — step 22
Number keypad: enter the opening balance. Select the image to enlarge it.

3Choose the account

Choose Assets:Checking. Opening balances use equity.

3 · Choose the account. Choose Assets:Checking. Opening balances use equity.Enter an opening balance — step 33
Account to open. Select the image to enlarge it.

4Save and verify

Tap the checkmark, then Register to see the saved entry.

4 · Save and verify. Tap the checkmark, then Register to see the saved entry.Enter an opening balance — step 44
Saved transaction in Register. Select the image to enlarge it.

Result: An Opening Balance transaction appears in Register.