If your bank account is linked to your Business Finance Assistant account, you cannot set an opening balance. You can only set an opening balance if you are importing bank statements or uploading cash entries.
The following article will show you how to import a 'cash account' so you can set an opening balance on a newly created account: How do I create a statement or cash account
Follow the steps below to set an opening balance on a new account:
- Enable 'Accountant mode' from 'Your Profile' > 'Preferences'
- Select 'Bank Transactions' from the main menu
- Click 'Connect Bank Account:
- Select 'Upload statements manually':
- Create a new bank account type
- Populate the required fields
- Set the Starting Balance as required
- Select 'Accounting for Initial Balance:
The balance of your new account will be displayed on the top left and then you can import your bank entries: