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Opening Trial Balance
Getting Started > Setting Up a New Company > Accounting Setup > Opening Trial Balance

Glossary Item Box

Introduction About:

Opening Trial Balance allows you to enter all unposted entries from your old system through the manual journal option in the Accounting module. The opening trial balance has to be set up by the company accountant or someone certified and just as knowledgeable in general journal entries. This step can be skipped if you plan to add the journal entries later.

 

Terminology Steps:

  1. From the Opening Trial Balance screen of the New Company Wizard, click on the New button. Or, from the Accounting Module, select General Journal under the New menu. The Journal form will display.
  2. See Also: Working with the Accounting Module > Create a manual journal entry

 

 How To How To:

ShowView the trial balance

  1. Go to the Accounting Module.
  2. Select Chart of Accounts under the Tools menu. The Chart of Accounts form will display.
  3. The default view of the chart of accounts is in trial balance. You can change the view by selecting a financial statement layout in the View field pulldown.
  4. The figures shown in the trial balance are the posted accounts. To view the unposted amounts, click on the Include Unposted checkbox.

 

Next Steps Next Steps:
Batch post the opening trial balance journal entries. See Also: Period End Processes > Batch Post Journal Entries.

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