Opening Balances

If you are currently working on an accounting system and you want to bring across your opening balances to NCL Accounting, use the Opening Balance option under the G. Ledger menu to quickly set up your balance.

First, you need to enter the date of the opening balance in the As At* field.

Next, select the chart of account related by clicking on the Account Code* field. Then, enter the amount either under the Debit column or Credit column.

Lastly, you are required to select the cash and bank related chart of accounts. You can do so by selecting it from the drop down list under the Bank Code* field. Then, enter the amount either under the Debit column or Credit column.

You may refer to below example:

opening balance

Should you wish to import your opening balance list into the system, you can do so by clicking on the import button. Note that, the import file must be in .csv format. Please refer to this section for more information on importing and exporting file.