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Starting balanceBalance Sheet AccountEdit

This form is the place where you can set up starting balance for balance sheet account.

The form includes the following fields:

Balance Sheet Account

Select balance sheet account that you have created under Chart of Accounts.

Starting balance

Select whether starting balance represents debit or credit amount. Typically, you select Debit for asset account and Credit for liability accounts.

Starting balance

Enter the starting balance amount for this account. This represents the account balance at the beginning of your accounting period in Manager.