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An Opening or Primo balance indicates your business's financial balance at a given time and can be used when switching accounting systems to indicate your company's financial starting point.p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 13.0px 'Helvetica Neue'}Multiple journals are created if you start Numbers from a default setup/template. These journals are created for manual entries, and when you want to create an Opening balance, you need to use a Journal that allows the use of System accounts. Create a journal which allows system account entriesGo to Finance > Accounting > Journals and create a new Journal that allows system account entries. Open the Journal using the circled arrow on the left side of the row or double-clicking on the first column.
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Enter the opening balanceStart by changing the date to the start date of your financial year. The date you choose will be shown as the booking date of your opening balance. Start the opening balance by clicking the green + New entry. Add a description, amount, and accounts for each row. When you TAB through the columns and get to the end, click TAB or Enter to create a new row.You can add as many rows as you need to the same entry, and as long as the total amount isn't balanced, it will continue adding rows with the same entry number.When you have balanced out the entry so that the total at the bottom of the page is 0.00 and you go to the end of the row, the next row will show a new entry number. Book the opening balanceWhen you have created all the lines in the opening balance, you can tick the boxes on the left side, click the action button and choose Book. A warning box appears. Click on Book. See the booked entries in the General Ledger
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Now that you have booked the opening balance, it will be included in the General ledger and the individual accounts in your Chart of Accounts.Go to Accounting > General Ledger. All entries in the opening balance are listed with the same ID# no. See the booked entries in the Chart of AccountsGo to Accounting > Chart of Accounts, search for a specific account on which you have booked the opening balance, and open the side-panel to see the entry.