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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
12/3/2016 1:49:09 PM
PPRDQSSWS406 9138 Pro 2017 adc42a