Opening Balances & Migration Cutover

You need access to the accounting tools and the “Post and void accounting documents” permission. Gather the approved opening trial balance before starting.

1. 1
   Open Opening Balances and prepare the proposed entry for your company.
2. 2
   Compare each debit and credit with the approved opening trial balance. Check imported stock, customer balances, and supplier balances separately.
3. 3
   Compare the entered opening balances with the signed migration workpaper and confirm that debits and credits agree.
4. 4
   Confirm the date and that total debits equal total credits. Post the opening entry only after Finance approves it.
5. 5
   Open the first Trial Balance after posting and check the brought-forward amounts account by account.

An opening balance establishes the starting position. Later business activity belongs in normal transaction workflows.

Preparing the entry lets you review it without posting. After posting, open the resulting journal and compare its balances with your approved figures. This step does not import every historical transaction or reconcile customer and supplier balances for you.

WARNING: Opening balances establish a reporting baseline. Correct a discrepancy before posting; do not use a balancing account merely to hide an unexplained difference.

If preparation or posting reports missing mappings or imbalance, resolve the underlying account/record and prepare again.

If a balance is wrong, trace the migration entry and its date before adding a correcting journal.