Opening balance issue
How do i add an opening balance in Solo version
Forum Discussion
G'day Geogerry
At the moment, Solo doesn’t have a dedicated field for entering an opening balance.
Many Solmates use Record Income or Record Expense to add transactions and reflect any prior income or expenses when setting up your accounts. The other option is to enter the individual transactions.
That said, I’m not an accountant either, so I can’t give financial or tax advice. If you’re worried this might impact your taxable income or ATO reporting, I’d definitely recommend checking in with a registered tax agent or financial adviser just to be safe. You can even invite them to your Solo account so they can have a proper look at all your records and give you foolproof advice on how this should be added. Just open your Solo app, tap More -> Share access, and add them from there.
If you get guidance from your financial adviser on what needs to be done, and need help on how to achieve that in Solo, just shout out and we'll come running!
