How to Add Opening Balance in Accoxi?

Setting up Opening Balances for your business

Opening Balance

The Opening balance is the amount of funds in a company’s account at the beginning of a new financial period. It is the first entry in the accounts, either when a company is first starting up its accounts or after a year end. The opening balance may be on the credit or debit side of the ledger.

Opening Balance

Opening Balance


Open the Accounts menu, click on Opening Balance and then it opens to Opening Balance page.





It shows the details of all Ledger and it automatically displays on the ledger column. The column will be blocked and the User can’t edit or change the name on this field.


Certain Accounts have debit balances and business can add their opening balance as debit depending on the nature of their business and account. User are unable to edit the opening balances once transactions have begun on the respective Account


Fill in credit balances for Accounts mentioned under the Accounting rules or will result in incorrect valuations. Liability Accounts, Revenue, and payable Accounts are examples of Accounts with a credit balance.


If the latest data is not displayed, click on the refresh icon on the top right corner of the page to fetch the new data.     


The Opening balance data can be export to Excel format. Click on the Export button at the bottom left corner near the. Select the file location and click on save.


It shows the total figure of all the debit and credit values and the sum total will automatically appear on both fields.


It shows the amount difference between debit and credit balances. Debit balance shows with (Dr) and credit balance shows with (Cr).


The save menu is to save the details that are entered and to change the opening balance.


The exit menu is used to go to the previous page without saving the changes.     


Frequently Asked Questions?

01How do I enter opening balance for my cash account?

  • Click on the Settings menu on the top right side of the page. Then list of menus under settings tab will open.
  • Select the option Opening Balance from General settings option, then it opens to Opening Balance page.
  • enter debit/credit opening balance to the corresponding ledger account
  • click on save

02How do I export the opening balance data?

  • Click on settings => opening balances
  • Click on export button on the bottom left corner
  • Select the file location, name, type and click on save.

03How do I filter ledger in opening balance window?

  • Click on the settings => opening balances

Filter option is available below the ledger search bar at the left hand side. Ledger can be filtered based on account group and ledger name. Either you can give any of the said criteria directly into the search bar near filter option or by clicking the filter down arrow option you can give the details into the fields directly.

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