{"id":1734,"date":"2020-08-05T16:55:23","date_gmt":"2020-08-05T11:25:23","guid":{"rendered":"https:\/\/blog.isocietymanager.com\/?post_type=ufaq&#038;p=1734"},"modified":"2020-08-05T16:55:23","modified_gmt":"2020-08-05T11:25:23","slug":"how-to-add-opening-balance-against-account-name","status":"publish","type":"ufaq","link":"https:\/\/factech.ai\/blog\/ufaqs\/how-to-add-opening-balance-against-account-name\/","title":{"rendered":"How to add opening balance against account name?"},"content":{"rendered":"<div  class=\"ewd-ufaq-faq-list ewd-ufaq-page-type-load_more ewd-ufaq-category-tabs- ewd-ufaq-faq-category-title-accordion\" id='ewd-ufaq-faq-list'>\n\n\t<input type='hidden' name='show_on_load' value='' id='ewd-ufaq-show-on-load' \/>\n<input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' \/>\n<input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' \/>\n<input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' \/>\n<input type='hidden' name='order' value='desc' id='ewd-ufaq-order' \/>\n<input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' \/>\n<input type='hidden' name='current_url' value='\/blog\/wp-json\/wp\/v2\/ufaq\/1734' id='ewd-ufaq-current-url' \/>\n\t\n\t\n\t<div class='ewd-ufaq-faqs'>\n\n\t\t<div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default\" id='ewd-ufaq-post-1734-S1rAQXeu0n' data-post_id='1734'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title '>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='https:\/\/factech.ai\/blog\/ufaqs\/how-to-add-opening-balance-against-account-name\/' >\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >A<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h4>\n\t\t\t\tHow to add opening balance against account name?\t\t\t<\/h4>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<p>Opening balances are normally added at the beginning of the financial year. The Indian accounting System&#8217;s financial year start from April 1st.<\/p>\n<p>To add opening balance:<\/p>\n<ul>\n<li>Go to Accounting-&gt; Account Master<\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-1724\" src=\"https:\/\/blog.isocietymanager.com\/wp-content\/uploads\/2020\/08\/accounting-menu.png\" alt=\"society accounting system\" width=\"258\" height=\"425\" srcset=\"https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/08\/accounting-menu.png 258w, https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/08\/accounting-menu-182x300.png 182w\" sizes=\"auto, (max-width: 258px) 100vw, 258px\" \/><\/p>\n<ul>\n<li>On account master or account charter UI, you can see the option to add Opening Balance at the top. You can edit opening balance by clicking the button &#8216;<em><strong>Update Opening Balance&#8217;<\/strong> <\/em>against each account.<\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-1737\" src=\"https:\/\/blog.isocietymanager.com\/wp-content\/uploads\/2020\/08\/account-charter-home-page-opening-balance.png\" alt=\"society accounting system\" width=\"1334\" height=\"519\" srcset=\"https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/08\/account-charter-home-page-opening-balance.png 1334w, https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/08\/account-charter-home-page-opening-balance-300x117.png 300w, https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/08\/account-charter-home-page-opening-balance-1024x398.png 1024w, https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/08\/account-charter-home-page-opening-balance-768x299.png 768w\" sizes=\"auto, (max-width: 1334px) 100vw, 1334px\" \/><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>On click of Opening Balance, You can see the UI where you see different groups.\n<ul>\n<li>Select a particular account.<\/li>\n<li>Fill details like date, opening balance, debit or credit then save.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-1736\" src=\"https:\/\/blog.isocietymanager.com\/wp-content\/uploads\/2020\/08\/account-opening-balance.png\" alt=\"society accounting system\" width=\"1329\" height=\"459\" srcset=\"https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/08\/account-opening-balance.png 1329w, https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/08\/account-opening-balance-300x104.png 300w, https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/08\/account-opening-balance-1024x354.png 1024w, https:\/\/factech.ai\/blog\/wp-content\/uploads\/2020\/08\/account-opening-balance-768x265.png 768w\" sizes=\"auto, (max-width: 1329px) 100vw, 1329px\" \/><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/factech.ai\/blog\/ufaqs\/how-to-add-opening-balance-against-account-name\/'>\n\t\t\n\t\tPermalink\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\t<div id=\"respond\" class=\"comment-respond\">\n\t\t<h3 id=\"reply-title\" class=\"comment-reply-title\">Leave a Reply <small><a rel=\"nofollow\" id=\"cancel-comment-reply-link\" href=\"\/blog\/wp-json\/wp\/v2\/ufaq\/1734#respond\" style=\"display:none;\">Cancel reply<\/a><\/small><\/h3><p class=\"must-log-in\">You must be <a href=\"https:\/\/factech.ai\/blog\/wp-login.php?redirect_to=https%3A%2F%2Ffactech.ai%2Fblog%2Fufaqs%2Fhow-to-add-opening-balance-against-account-name%2F\">logged in<\/a> to post a comment.<\/p>\t<\/div><!-- #respond -->\n\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div>\n\t<\/div>\n\n\t\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A How to add opening balance against account name? Opening balances are normally added at the beginning of the financial year. The Indian accounting System&#8217;s financial year start from April 1st. To add opening balance: Go to Accounting-&gt; Account Master On account master or account charter UI, you can see the option to add Opening<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","ufaq-category":[],"ufaq-tag":[674,670,671,673,672],"ufaq_folder":[],"class_list":["post-1734","ufaq","type-ufaq","status-publish","hentry","ufaq-tag-account-opening-balance","ufaq-tag-add-opening-balance","ufaq-tag-how-to-add-opening-balance-of-accounts","ufaq-tag-ledger-opening-balance","ufaq-tag-update-opening-balance"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to add opening balance against account name? - Facility Technology<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/factech.ai\/blog\/\/ufaqs\/how-to-add-opening-balance-against-account-name\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to add opening balance against account name? - Facility Technology\" \/>\n<meta property=\"og:description\" content=\"A How to add opening balance against account name? 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