How to upload the opening balance of the bank?

How to upload the opening balance of the bank?

Please follow the below steps to update the opening balance of the bank:

Step 1:  Log in to ADDA -->> General Ledger --> Chart of Accounts --> Assets -->Set up Bank & Petty Cash Details -->Update the bank name from General Ledger -->>Save Changes.

You will have to pass the journal entry to post the bank opening balance

Step 2: Go to General ledger>>Journal entries.

Step 3: Debit the bank account you have created by entering the amount under the "Debit" column, and credit the "Opening Balance" account by entering the same amount under the "Credit" column.
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Step 4: Give journal notes and Click on Submit



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