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opening balance

After financial statements are completed, the company begins with a new amount on their balance sheet.

Related information about opening balance:
  1. What is opening balance? definition and meaning
    Definition of opening balance: Balance brought forward at the beginning of a new accounting period, on the credit or the debit side of the ledger. See also ...
     
  2. Opening Balance - Financial Dictionary - The Free Dictionary
    The amount of funds in an account at the beginning of a period, especially a month or year. For example, if one has a bank account with a balance of $1236 at ...
     
  3. How to Create an Opening Balance in QuickBooks | Chron.com
    Your small business can use QuickBooks accounting software to keep track of accounts, payroll and expenses. Before you begin using QuickBooks for your ...
     
  4. What is the opening balance? | E-conomic Accounting Glossary
    Definition: the balance brought forward at the beginning of an accounting period. Read this definition and more in the E-conomic accoutning glossary.
     
  5. FrontAccounting Wiki - Main - Opening Balance
    Sep 6, 2012 ... Initial/Opening/Beginning balances. How to do that? Using a Balance Sheet that ends your existing accounting system, you can then do the ...
     
  6. What Is an Opening Balance?
    In the financial world, an opening balance can mean a number of different things, depending upon what the specific person or business is doing. In business, the ...
     
  7. How to modify the existing opening-balance journal entry of an ...
    Describes how to adjust the opening balance of an account.
     
  8. Edit an opening balance for a balance sheet account
    Edit the opening balance transaction from the register of that account: ... Select the account with an opening balance you want to edit, and choose Edit > Use ...