How-to: Update opening balance

Created by Erik Åkerlund, Modified on Mon, 20 Feb 2023 at 02:28 PM by Erik Åkerlund

The opening balance of a bank account can be manually updated. In this article we are gonna show you how to update opening bank balances for a new year - if you don't automatically import balances every day. Below steps will show you how to update all bank accounts in batch for the selected entity with a new opening balance. 

Here's how it works:


  1. Go to Register > Setup > Portfolio Codes > Portfolio Codes Details and select the legal entity which has a balances that needs to be updated
  2. Go to the Bank account tab and  press the 'Opening balance - batch' button.

  3. Enter the new year and press Update. All bank accounts are now updated with the ingoing balance (the outgoing balance as of the 31st of Dec)


Info

If you need to change a specific account i.e. not all in one batch - you can manually enter the right ingoing balance by clicking on the 'Opening Balance' icon


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