Opening Balances entered wrong amounts
I have a new client that has entered wrong amounts in the opening balances. How do you fix that?
Forum Discussion
Hi GDay53,
Totally get how easy it is to trip up with opening balances when setting a new client up. To fix it, head to Accounting > Categories (Chart of accounts) > Edit Categories, then open the relevant account and update the opening balance from there. Once you've made the changes, it's a good idea to double-check everything still balances nicely. Here's a handy link with information: Enter category opening balances.
Regards,
Sai
Thanks for the reply. I tried doing that but it won't let me change opening balances in the Income or Expenses. Thinking I might have to do a General Journal to get rid of the amounts but that won't change the opening Balances.
