Opening General Ledger

Reference the figures of the Trial Balance to enter the Debit/Credit balance of every account, except for Trade Debtors, Trade Creditors and Stock accounts.

If users are performing Opening Entry after having passed the decided Opening Date, any existing documents/entries dated past the Opening Date has to be manually entered.

(Have not decided on an Opening Date? See here: https://support.ocisystem.com/portal/en/kb/articles/opening-entry-and-checking)

Note: Opening Entry does not have to be completed entirely in one sitting.

Opening Entry can be done for GL, outstanding documents, and Inventory in different sittings; Opening GL can also be performed in several batches of accounts.

The module for Opening General Ledger entry is at [Adjustment > Openings > Opening GL]

Following your Trial Balance report, enter an Account and its Debit or Credit balance for each row.

If your company accounts have been tracking Expenses, Costs, and Incomes by Projects; and have decided to continue doing so using Job Codes, you may find yourself having to enter one line per project for certain Expense, Cost, and Income accounts.

If your company accounts have been tracking individual Expenses, Costs, and Incomes of each projects by separating them into individual sets of accounts for each project, you need not further separate them by Job Codes unless you want to merge those accounts.

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