Historical Balancing - Opening Balance

jjun6636

Hi,

 

Could you kindly help us to amend the opening balance of Historical Balancing?

Our balance sheet is not balanced because of the opening balance of Historical Balancing.

We start our business from FY 2023 with the MYOB so Trial Opening account is all ZERO.

Thank You.

 

Balance sheet.gif

Opening Balance.gif

Doreen_P

Hi, @jjun6636

 

Thanks for your post, and welcome to the MYOB Community Forum.

 

Kindly check the financial year on your company file, making sure that it is the current one. Also, to correct the situation, please take a backup of your company file and then follow the steps provided below:

 

• Go to Setup > Balances > Account Opening Balances
• Select an account with a $0 opening balance (make sure to remember the account - write it down)
• Enter a $1 opening balance for this account and click Ok
• Go back to Setup >> Balances >> Account Opening Balances and remove the $1 opening balance, returning it to $0 again
• Click Ok
• Run the Balance Sheet again and check that it balances

Kindly let us know if you still need further assistance. Don't hesitate to reach out to us.

 

Best regards,

Doreen