Opening balance entries in foreign currency (opening balance sheet)

Opening balance entries in foreign currency (opening balance sheet)

To enter initial balances in foreign currency when preparing the opening balance sheet or to make a comparison with the balance sheet or income statement of the previous financial year:

1. Open the Initial and previous balances page: Menu Configuration , Initial and previous balances .
   
2. In the Balance Sheet tab of the Beginning and Previous Balances page, fill in the Previous Balance Currency and Beginning Balance Currency columns:
   
   
   
   
3. In the Profit and Loss Statement tab, fill in the Previous Balance Currency column:
   
   

For more information on initial balances, refer to the article Creating Initial Balances in a New Company .