When Should I Enter My Opening Balances?

 

We recommend you enter your opening balances at the beginning of a new accounting period, such as the beginning of a month, quarter or half year.

You only need to enter opening balances into Sage Line 50 when you first use the program. At the end of the financial year Sage Line 50 automatically enters the opening balances for the new financial year when you run the Year End option.

Related Topics

Your Opening Balances Checklist

Frequently Asked Questions

Customer Opening Balances

Supplier Opening Balances

Nominal Ledger Opening Balances

Bank Opening Balances

To Check your CustomersÆ and SuppliersÆ Opening Balances

Clearing the Opening Balances from your Trial Balance

To Clear the Opening Balances from your Trial Balance