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:

  1. From the Setup menu, select Setup Guide, and then Accounts.
  2. In the Opening Balance column, enter the opening balance for each account.
  3. 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