Opening Balance Entry Post assets & liabilities ONCE — Capital auto-balances

Opening Balances (one-time)

How to fill

Enter amounts only for accounts that are NOT already tracked by the system ledgers — e.g. Fixed Assets, an old Loan, extra Capital investment, or any manual account. Assets are posted as Debit, Liabilities as Credit, and the remaining difference goes to Capital automatically. System-ledger accounts (Bank / Customers / Suppliers / Inventory / Sales / Expenses) already carry their own balances — do NOT enter them here again.

Account Type System Balance (reference) Opening Amount Dr / Cr
101 - Cash Asset Debit
1127 - Bank Asset Debit
1128 - Bank: Bank Alfalah LC Asset Debit
12001 - JUNAID AHMED QAZI Asset 21,450.00 Debit
12002 - NOMAN LAB Asset Debit
1300 - Inventory - Stock at Cost Asset Debit
1510 - Fixed Assets (General) Asset Debit
Capital (balancing figure) will be: -