Setup Odoo Accounting Initial Balance. Create new account for opening balance and setup journal entry with initial amount.

Setup Initial Balance

Step1:

Create New Account in Your Chart Of Accounts, Give proper code, account name, type=Equity

Step 2:

Create new Journal Entries, With select bank as journal and with account use Open Balance with credit 500.00 and Bank Account with debit 500.0. Based on your values configure credit and debit amount.

Step 3

Once entries well configured and you ready to post. Click on POST button of Journal entries form.

Step 4

Once all journal entries “Posted”, it consider now entries have need posted properly.

Step 5

With Odoo Accounting Dashboard, Now with bank section new Opening Balance amount reflected.

 

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