Opening balances 0:40
Take over a client's books on a date, with everything they had.
Transcript
Hi, I'm Zuzu. Taking over a client's books starts with their opening balances.
In Bookkeeping, open Journal entries.
The opening balances are one journal entry, of type Opening Entry, dated the day you take over the books.
One line per account: bank, fixed assets, capital, reserves, receivables and payables, as at that date. Debits and credits must agree before you can submit.
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