Edit or delete an opening balance for categories
Make changes or delete a previously entered opening balance for a category.
Edit or delete the opening balance
- From More, choose Settings, then Business Settings, and find the Opening Balances section
- Select Nominal Ledger.
- Find the relevant category.
- Do one of the following:
- Change amount in the Debit or Credit column.
- Delete the opening balance using the bin
button next to the relevant entry.
- Click Save.
How your categories are updated
The total value of all opening balances must balance to conform to bookkeeping rules.
This means the total amount of all the values in the Debit column must equal the total value of all the values in the Credit column.
When the Debit and Credit total don't match, we add the difference to the special Opening Balancescategory (9998), which is used for this purpose.
In general, your opening balances should balance, so if there is value on your Opening Balance category, check you have entered the values from your trial balance, for your bank accounts correctly.
