Opening balances in SwiftlyBooks

Enter the balances

1. Set The last day the old books cover, usually a month end.
2. Type each account's balance as a Debit or a Credit, in the currency it is kept in.
3. Or press Read a trial balance to fill them from your old package's file.
4. Beside a bank account, press Not cleared? for cheques and deposits not yet cleared.
5. Moving from Zoho Books, QuickBooks or Sage Pastel? Press Move from another package.

Bring in what is owed

1. Under Unpaid invoices and bills, press Add an invoice or Add a bill for each one.
2. Give Its number from the old books and what is Still owed on it, then press Bring it in.
3. For a long list, press Read from a file instead.

Post them

1. Press Post the balances. Opening balance equity takes any difference.
2. If the check above them doesn't agree, go Back and look again, or press Post anyway.

Good to know

• Customers' and suppliers' balances come in as their unpaid invoices and bills.
• Posting again replaces them: the earlier entries are reversed, and both stay on the record.
• The month of the last day must be open to post.

Related

• Moving in from another package
• Chart of accounts
• The set-up guide
• Close the month
• Bring your books from Zoho Books, QuickBooks or Sage Pastel