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How do I change the opening balance on my accounts?


Because Opening Balance is calculated automatically, MoBill does not have/create any record for it. So that it cannot be updated directly. To set an opening balance, you have to add either a bill for debit balance or an income for credit balance on the first day of your very first period with the repeat is None, and then you need to mark it as Paid (or Received for income). You can type some meaningful description such as Account Opening in the description to make it distinguishable.

For example, if your opening balance is 100 USD then you need to add an income with 100 USD amount and Repeat is None. If your opening balance is -80 USD then you need to add a bill with 80 USD amount and Repeat is None.

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Article details
Article ID: 6
Category: How do I ...
Date added: 22-Aug-2012 19:54:26
Views: 708
Rating (Votes): Article rated 3.5/5.0 (19)

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