Enter an opening amount to receive or pay
Record a party’s outstanding balance at your starting point.
Reviewed 9 October 2026
WHERE TO GO
Parties → Add Party → Opening balance
Step by step
Confirm the amount outstanding before you start entering new transactions.
Enter the amount as a positive number.
Choose To Receive if the party owes your business, or To Pay if your business owes the party.
Save the party.
Inspect the party’s balance and opening ledger entry before recording new invoices.
Example
A customer owing Rs 40,000 is To Receive. A supplier you owe Rs 250,000 is To Pay.
What to check
- The balance is shown in the direction you intended.
Things to know
- Do not enter the same old balance again as a new receipt, payment or invoice.
- Opening balances cannot be changed through ordinary party editing after creation. Use a reviewed adjustment with an administrator when a correction is needed.