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jjun6636's avatar
jjun6636
12 months ago

Historical Balancing - Opening Balance

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 busines...
  • Doreen_P's avatar
    Doreen_P
    12 months ago

    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

Doreen_P's avatar
Doreen_P
MYOB Moderator
12 months ago

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

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