How to add the opening balance on the Riway platform

The opening balance is the amount of money in a company's account at the beginning of a new financial period. On the Riwaa platform, you can easily add the opening balances you have.

#Steps to Add the Opening Balance

1. Go to Accounting > Journal Entries.

2. Click on "More".

3. Choose "Opening Balances".

4. Select the posting date.

5. Add account balances:

   • To add a single account (single entry):

     Select the account, enter the balance in the designated field (credit or debit).

   • To add more than one account (double entry):

     Select the first account, adding the amount (credit or debit) in the designated fields.

     Select the second account, adding the amount (credit or debit) in the designated fields.

6. Click on "Save".

7. The entry is added with the name: Opening Balance.

#Modifying Opening Balances

1. Go to Accounting > Journal Entries.

2. Click on the three dots in the customization column.

3. Choose "Edit Entry".

4. Modify the data you want.

5. Click on "Save".

6. The data is updated immediately in the entry.

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#Frequently Asked Questions

1- Why did the sequence of entries change after modifying the opening balance date?

Entries appear by entry date. When the date is changed, the entry moves according to the chronological order.

2- How can I print the opening balance entry?

Click on "Save and Print" when adding the balance, or click on the 🖨️ icon and complete the steps.