Suriin ang IDNStudy.com at makakuha ng mga sagot sa iyong mga tanong sa iba't ibang paksa. Makakuha ng hakbang-hakbang na mga gabay para sa lahat ng iyong teknikal na tanong mula sa mga miyembro ng aming komunidad.

is a record of general ledger accounts with open balance

Sagot :

You should enter balances for each Account as they stood at the end of the previous fiscal year. Use the Transaction register for this task. This information should be available in the Trial Balance report obtained from your old system. 
You can enter a single opening balance figure for each Account, or you can divide the opening balance figure into individual postings. This decision may depend on the Account itself.
If appropriate, enter the Transactions for the current year to date, again using the Transaction register.