Message upon closing: "Please configure the settings for the initial balance entries: Opening Balance"

Message upon closing: "Please configure the settings for the initial balance entries: Opening Balance"

On the Looping page ( Configuration menu, Looping ), the following message appears when you click the Run all actions button or the Create result entry button:
"Please configure the settings for the opening balance entries: Opening Balance Sheet"



This message indicates that the opening balance account, required for creating opening balance entries in the new fiscal year, has not been set up. To set it up, open the next fiscal year and follow the steps described in the article "Setting up opening balance entries ".