The Starting Balances feature, found under the Settings tab, allows you to set up starting balances for all your accounts and subsidiary ledgers.
Many users prefer to establish their starting balances using journal entries; however, this can result in overly long entries. Also, starting balances do not involve only debits and credits. If you are using the Inventory Items tab, you might want to set up starting balances for Qty On Hand, Qty To Deliver, and Qty To Receive, which are starting balances for management purposes, not accounting purposes.
This screen allows you to set up your starting balances for your special accounts that you have created under the Special Accounts tab. See Starting Balances - Special Accounts for more information.
This screen allows you to set up your starting balances for your sales invoices that you have created under the Sales Invoices tab. See Starting Balances - Sales Invoices for more information.
This screen allows you to set up your starting balances for your purchase invoices that you have created under the Purchase Invoices tab. See Starting Balances - Purchase Invoices for more information.
This screen allows you to set up your starting balances for your investments that you have created under the Investments tab. See Starting Balances - Investments for more information.
This screen allows you to set up your starting balances for your inventory items that you have created under the Inventory Items tab. See Starting Balances - Inventory Items for more information.
This screen allows you to set up your starting balances for your intangible assets that you have created under the Intangible Assets tab. See Starting Balances - Intangible Assets for more information.
This screen allows you to set up your starting balances for your fixed assets that you have created under the Fixed Assets tab. See Starting Balances - Fixed Assets for more information.
This screen allows you to set up your starting balances for your employees that you have created under the Employees tab. See Starting Balances - Employees for more information.
This screen allows you to set up your starting balances for your capital accounts that you have created under the Capital Accounts tab. See Starting Balances - Capital Accounts for more information.
This screen allows you to set up your starting balances for your bank or cash accounts that you have created under the Bank and Cash Accounts tab. See Starting Balances - Bank and Cash Accounts for more information.
This screen allows you to set up your starting balances for your custom balance sheet accounts that you have created under the Chart of Accounts. See Starting Balances - Balance Sheet Accounts for more information.