Enter Cash Book opening balances

Opening balances represent the financial position of your organisation on the day you start entering live transactions onto your bank account. Whatever date you choose you are likely to have opening balances, whether your organisation is just starting up or changing from another accounting system.

In Sage 200, you can enter the opening balance for your bank accounts in two ways:

• As a single value indicating the actual balance on the account.

Use this if your bank account has not been reconciled, or if there are no unreconciled transactions on your bank account.

• As a reconciled balance and unpresented entries.

  Use this if the balance on your bank account includes some unreconciled transactions.

An opening balance can only be entered once for each bank account.

Opening balances are not posted to other ledgers.