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How to Post the Opening Balances in Chart of Accounts of Business Central ?

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Posted on by AslamKhan

Hi,

I configure the setup in Business Central, Now before go-live i need to post opening balances in Chart of accounts.

Please Guide the better way to configure the Opening Balance in system.

Regards,
Aslam

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YUN ZHU 86,251 Super User 2025 Season 1 on at

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RE: How to Post the Opening Balances in Chart of Accounts of Business Central ?

Hi, Hope the information below can help you.

https://abakion.com/go-9/

https://powerobjects.com/business-central/opening-balances-how-to-enter-them-in-nav-bc/

Thanks.

ZHU
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Inge M. Bruvik 1,029 Moderator on at

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RE: How to Post the Opening Balances in Chart of Accounts of Business Central ?

If you have your chart of accounts in place there is not really much configuration you need to do to get your opening balance into the syste,. You can basically just start registering your journal.

If you do not have your chart of accounts in place you need to start there.

docs.microsoft.com/.../admin-how-to-create-journal-opening-balances
AslamKhan on at

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RE: How to Post the Opening Balances in Chart of Accounts of Business Central ?

Please Guide the Setup wise configuration of Opening Balances.
Inge M. Bruvik 1,029 Moderator on at

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RE: How to Post the Opening Balances in Chart of Accounts of Business Central ?

Basically you can just post it in an General journal.

But if you do it by the start of your fiscal year i recommend you use the ultimo date for the year before your start up year.

So if it is your opening balance 01.01.22 you can post it with the date U31.12.21 in that way you will not get your opening balance as a part of your net change for the opening year.