Opening balance

You will only need to enter opening balances in the first fiscal year you create with Office Maker Finance. For subsequent financial years, you will need to use the New period  and Update period  commands.

The opening balance can be entered directly when creating a new account. If you are modifying an existing account, the heading label appears on a blue background; by clicking on this label, you can then modify the balance (provided that balance modification has not been locked in Maintenance).

In the case of a foreign currency account, the opening balance can be entered in the currency in question or in the base currency.

Please note: The opening balance of a liability account must be entered as negative.

When creating or modifying an account, a field entitled Opening balance also appears at the bottom of the entry screen. After creating new accounts or modifying opening balances, make sure that the Opening balance shows an amount of zero. If this is not the case, this is an error, which will be detected if you perform a Coherence Check .

To check the opening balances of all accounts more easily, you can print out a list called "Opening balances".