How to upload the Last Year's Financial Statement?

How to upload the Last Year's Financial Statement?

When you start updating the accounting entries on ADDA, you can update the Last Year Financial Statement by creating journal entries:

For example, if you have a Balance Sheet for the Year 2019-20, you can enter the details as opening balance as of 01-04-2020 by following the below steps: 

Step 1: Go to Admin -->> General Ledger -->> Journal Entries.

Step 2: Click on the "Create Journal Entry" Tab.

Step 3: Enter the Journal Notes i.e. Narration

Step 4: Enter the Journal date and Amount.

Step 5: Select the Debit Account And Credit Account respectively. In Incase of Asset Entry, Select the Asset Account as Debit and Opening Balance as Credit. In the case of Laibility entry, Select the Liability entry as Credit and Opening Balance entry as Debit. 

Note: Assets and Liability Accounts can be created by following the below link: 

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