{"id":8550,"date":"2024-03-15T13:29:44","date_gmt":"2024-03-15T11:29:44","guid":{"rendered":"https:\/\/support.simplbooks.fi\/fi\/kayttoohjeet\/entering-opening-balances-for-the-income-statement-and-balance-sheet\/"},"modified":"2026-04-10T12:52:02","modified_gmt":"2026-04-10T09:52:02","slug":"entering-opening-balances-for-the-income-statement-and-balance-sheet","status":"publish","type":"ht_kb","link":"https:\/\/support.simplbooks.fi\/fi\/en\/kayttoohjeet\/entering-opening-balances-for-the-income-statement-and-balance-sheet\/","title":{"rendered":"Entering Opening Balances for the Profit and Loss Statement and Balance Sheet"},"content":{"rendered":"\n

This guide explains how to start using SimplBooks for a company whose accounting has previously been handled elsewhere.<\/strong> <\/p>\n\n\n\n

This guide is intended for companies that have had their accounting managed elsewhere before switching to SimplBooks.<\/strong> If you have just started your business and have no prior balances, please see the guide Starting bookkeeping for a new business<\/a>. <\/div><\/div>\n\n\n\n

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The software automatically creates an empty opening balance entry for the first day of the current financial year when a company environment is set up. Opening balances are entered by editing this transaction. You can find the entry under Accounting > Transactions<\/strong>.<\/p>\n\n\n\n<\/div><\/div>\n\n\n\n
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<\/span>Adding opening balances<\/div>
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1. Open the opening balance entry automatically created by the software by clicking on it in Accounting > Transactions.<\/strong><\/p>\n\n\n\n

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      2. Select “Edit transaction”<\/strong> from the Actions section on the right.<\/strong><\/p>\n\n\n\n

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      3. Add the required information:<\/p>\n\n\n\n

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