Correct a party opening-balance mistake
Investigate the original opening before using a reviewed accounting adjustment.
Reviewed 9 October 2026
WHERE TO GO
Parties → party ledger; Advanced Accounting if needed
Step by step
Confirm the starting amount, To Receive / To Pay direction and original cutoff.
Check that old invoices or payments were not entered again on top of the opening.
If the party is completely unused and deletion is allowed, consider recreating it with the correct opening before daily work starts.
For an account already in use, have the person responsible for accounts determine the balanced adjustment and date.
Post that approved adjustment through General Entries and recheck the ledger.
What to check
- The party’s account balance agrees with the agreed opening and subsequent activity.
Things to know
- A party edit does not rewrite its original opening posting.
- This process is for account balances. A journal does not fix item quantity or its stock-cost history.