Click Type and choose Debit or Credit depending on if the opening balance is in a positive or negative.

Click this dropdown and select the ledger account you are adding the balance in for.

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Accounting Fee
Accounts Receivable
Advertising
Bad Debts
Bank Charges
Bank Transfer Control
Capital
Computer Expenses
Consumables
Cost of Sales
Credit Card
Current Assets
Current Liabilities
Customer Adjustments
Customer Opening Balances
Discount
Discount Allowed
Electricity & Water
Expenses
FNB
Gifts
Input VAT
Insurance
Inter-Company Control Acc
Interest Received
Legal Fees
Loans Payable
Motor Vehicles
Non-Current Assets
Non-Current Liabilities
Office Expenses
Opening Balances
Other Income
Other Sales
Output VAT
Paystack Control
Paystack Fees
Pool Chemicals
Pool Chemicals
Primary Bank Account
Primary Bank Account
Printing & Stationery
Rent Paid
Repairs & Maintenance
Retained Income
Salaries & Wages
Sales
SNAP
SNAP Charge
Split income
Split payments
Staff Entertainment
Staff Training
Standard Bank
Telephone & Internet
Tennis balls
Unallocated Expense
Unallocated Income
Unallocated payments
Wrong acc paid
Wrong Payments Control

Choose the contra account as "Opening Balances"

Swool

This guide provides step-by-step instructions on how to capture a financial journal entry with an opening balance adjustment.

Capturing Financial Journal Entry with Opening Balance Adjustment