Select Period

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If you are operating with a new chart of accounts and no transactions have been posted to an account, you can enter a beginning balance for the account for a previous accounting period, the current accounting period, or a future accounting period. Select the period in which you want to start your beginning balances by highlighting the period and selecting the OK button.

Note: When setting up a new chart of accounts, it is best to wait to enter the Beginning Balances until after you have set up all your accounts.