Field

Description

Ledger

It displays the details of all ledgers, and the information is automatically populated in the Ledger column. This column is locked, and the user cannot edit or change the name in this field.

Debit

Certain accounts carry debit balances, and businesses can add their opening balance as a debit based on the nature of their business and the account. Users are unable to edit the opening balances once transactions have commenced on the respective account.

Credit

Fill in credit balances for accounts as per the accounting rules to avoid incorrect valuations. Examples of accounts with a credit balance include liability accounts, revenue accounts, and payable accounts.

Refresh

If the most recent data is not displayed, simply click on the refresh icon located at the top right corner of the page to retrieve the updated information.

Export

The opening balance data can be exported to Excel format. Click on the export button at the bottom left corner, near the [specific location]. Select the file location and click on Save.

Total

It displays the total figure of all the debit and credit values, and the sum total automatically appears in both fields.

Balance

It reflects the amount difference between debit and credit balances. Debit balance is indicated with (Dr), while credit balance is indicated with (Cr).

Save

The "Save" menu is used to save the entered details and make changes to the opening balance.

Exit

The "Exit" menu is utilized to return to the previous page without saving the changes.