Where Do I Get My Opening Balance Values?

Ideally, your accountant will give you a detailed breakdown of your outstanding debtors and creditors which constitute the opening balances for your customers and suppliers; as well as a full opening trial balance which shows the opening balances for your nominal ledger and bank accounts.

Note : If you intend to record stock levels for each of your products in Sage Line 50, you will need to find out the quantity of each product you have in stock, and its cost price.