How to Set an Opening Balance of Cash and Bank Account

Please follow the below steps to set an opening balance of cash and bank account.

1. Click on Left Menu
2. Go to Accounts.
3. Click on the 3 dots from the top right corner of the screen and select Set Opening Balance.
4. You will see a similar screen.

To set Cash and Bank Balance

1. Enter the Bank balance amount to the Bank A/c on the debit side. If you have multiple bank account, set the balance to the debit side.
2. Enter the Cash in hand amount to the Cash Account in the debit side.
3. Enter the sum of cash & bank to suspense account on the credit side.

 

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