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Opening BALANCE Transactions

Opening Balance Transactions represent outstanding deposits and unpresented cheques that are included in the opening General Ledger bank balance and are entered so they can be reconciled as they appear in the bank statement.

Steps

1.	Select Opening Balance Transaction from the list box in the blank line in the Transactions grid. Date populated into the form is the Bank Rec date
2.	Enter in Reference details
3.	Enter in the Amount of the transaction - debit or credit
	The transaction is from the General Ledger bank perspective - i.e. outstanding payments are Credit, outstanding deposits are debit
4.	Set Status as required
	The transactions will continue to appear in each new bank reconciliation until reconciled

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