How to add opening balance for customer or vendor

When you add a new customer or vendor, you have the option to add their opening balance.

Step 1 : Go to the Customer / Vendor menu and click on the "Add New" button.

Step 2 : Scroll down to the "Opening Balance" section.

Step 3 : In the Opening Balance field, enter the amount and select Debit/Credit from the dropdown.

• Debit: Select if the customer owes you money or if you have already paid the vendor in advance.
• Credit: Select if you owe money to the vendor or if the customer has paid you in advance.

Step 4 : Click on the "Save" button.