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Should I enter an opening balance for other types of accounts?

Use care entering an opening balance for equity, long-term liability, other asset, other current asset, and other current liability accounts because it's possible to create double accounting entries.

Check with your accountant if you're not sure whether to enter opening balances or create transactions to put money into these types of accounts.

See also

KB ID# H_COA_INFO_ENTER_OPENING_BALANCE_OTHER_ACCT_TYPES
9/30/2016 6:27:56 AM
PPRDQSSWS403 9138 Pro 2017 9f9471