When you add a new client to HandiLedger, you may need to input balances for the client. When deciding how to input these balances, it is important that you consider the reporting requirements of the client.
Does the client need a Cash Flow Statement?
Where no Cash Flow Statement is required, does the client require comparative information to be displayed in their reports?
If your client requires these balances, enter comparative year closing balances.
To input opening balances:
Log in to HandiLedger and Select your entity.
From the Input menu, click Opening Balances.
Click OK.
Type the client’s opening balance sheet information.
Once the journal balances, click Save, Close.
Click Yes to post the transaction.