Setup Guide: Entering Opening Balances for Accounts
Before You Begin
Read About Opening Balances if you have not done so.
To enter opening balances for Accounts:
- From the Setup menu, select Setup Guide, and then Accounts.
- In the Opening Balance column, enter the opening balance for each account.
- Click Close when finished
Note: If your accounts aren't balanced when you try to close this window, Sage 50 Accounting asks you how you want to proceed. You can either:
- Return to the Accounts window so that you can double-check your balances
- Leave everything as is and balance your books by recording the difference in your Retained Earnings account