Update Capital Accounts

Before importing capital accounts, make sure that you have created the required ledgers under Chart of Accounts > Liabilities > Capital Accounts group.

To import details of capital accounts:

Go to: Accounting > Masters and Accounts > Journal Entry > New.
Enter Posting Date.
Select the appropriate capital account ledgers in Account column and enter the value in Credit column.
Select 'Temporary Opening' ledger in Account and enter the balancing amount in Debit column.
Set 'Is Opening' to Yes.

To know about Journal Enter in detail, visit this page.

Updated on: 27/03/2023