{"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-OGOFVuhLMs' 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<div class='ewd-ufaq-author-date'>\n\n\tPosted\n\tby\n<span class='ewd-ufaq-author'>\n\tManvik<\/span>\n\ton\n<span class='ewd-ufaq-date'>\n\tAugust 5, 2020<\/span>\n<\/div>\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\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? Posted by Manvik on August 5, 2020 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<\/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":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Opening balances are normally added at the beginning of the financial year. 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Posted by Manvik on August 5, 2020 Opening balances are normally added at the beginning of the financial year. The Indian accounting System&#8217;s financial year start from April 1st. 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