Entering starting balances

To enter starting balances:

  1. Open 1-3 Journal Transactions.
  2. On the Edit menu, click Period, and then:

    1. From the Fiscal Year list, select the earliest fiscal year.

    2. In the period grid, select 0 (Prior Year) .

    3. Click [Select].

  3. In the Trans# box, enter the transaction number.
  4. In the Date box, enter the transaction date.
  5. In the Description box, type Starting balances.
  6. In the Status list, click 1-Open.
  7. In the grid, for each account:
    1. In the Description cell, enter a brief statement about the line item.
    2. In the Account cell, enter the ledger account you want.
    3. In the Subaccount cell, enter the subsidiary account you want.
    4. Enter the amount in the appropriate Debit Amount cell or Credit Amount cell.
  8. Click File > Save.