{"id":158244,"date":"2026-10-26T13:06:35","date_gmt":"2026-10-26T13:06:35","guid":{"rendered":"https:\/\/docs.daftra.com\/faq\/zero-out-treasury-bank-inventory-balances\/"},"modified":"2026-11-12T07:46:05","modified_gmt":"2026-11-12T07:46:05","slug":"zero-out-treasury-bank-inventory-balances","status":"publish","type":"faq","link":"https:\/\/docs.daftra.com\/en\/faq\/zero-out-treasury-bank-inventory-balances\/","title":{"rendered":"How do I zero out Treasury, bank account, and Inventory balances to start fresh?"},"content":{"rendered":"

First: Banks and Treasuries (using a Journal Entry)<\/strong><\/p>\n

    \n
  1. From Accounting,<\/strong> click Journal Entries<\/strong>, then Add Entry<\/strong>.<\/li>\n
  2. Enter today’s date.<\/li>\n
  3. On the first line, select the bank or Treasury account, and enter its current balance on the opposite side:\n
      \n
    • If its balance is debit, enter the amount in Credit<\/strong>.<\/li>\n
    • If its balance is credit, enter the amount in Debit<\/strong>.<\/li>\n<\/ul>\n<\/li>\n
    • On the second line, select the offsetting account, such as Opening Balances<\/strong> or an adjustment account, and enter the same amount on the other side.<\/li>\n
    • Click Save<\/strong>; the account balance becomes zero.<\/li>\n<\/ol>\n

      Second: Inventory (using a stocktaking sheet)<\/strong><\/p>\n

        \n
      1. From Inventory<\/strong>, open Manage Stocktakings<\/strong>, and add a stocktaking sheet for the warehouse.<\/li>\n
      2. Enter the Physical Count<\/strong>\u00a0for each product: zero to reset it to zero, or the actual quantity on hand.<\/li>\n
      3. Click Adjust<\/strong>; the quantities are adjusted automatically based on the difference between the System Count<\/strong> and the Physical Count<\/strong>.<\/li>\n<\/ol>\n

        After resetting to zero, record the correct balances: for banks, use a Journal Entry, and for Inventory, use a Manual Add<\/strong> permission at the actual cost price.<\/p>\n

        Tip: You can shorten the two steps by adjusting the balance directly to the actual figure. For banks, record an entry for the difference only, and for Inventory, enter the actual quantity in Physical Count<\/strong>.<\/p>\n

        Note: You can undo a stocktaking adjustment by using Undo Adjustment<\/strong>.<\/p>\n","protected":false},"author":38,"template":"","categories":[2109,2178,2114,2115,2116],"tags":[30413,30414,30407,30295,29151,19556,30415,22781,30406,30416,30409,30408,30411,30412,30410],"class_list":["post-158244","faq","type-faq","status-publish","hentry","category-general-accounting","category-manage-stocktakings","category-assets","category-chart-of-accounts","category-journal-entries","tag-account-adjustment","tag-adjustment-entry","tag-balance-correction","tag-inventory-count-sheet","tag-inventory-reconciliation","tag-opening-balances","tag-physical-count","tag-reversing-entry","tag-start-over","tag-system-count","tag-zero-out-account","tag-zero-out-balances","tag-zero-out-bank-balance","tag-zero-out-cash-account-balance","tag-zero-out-inventory"],"yoast_head":"\nHow do I zero out Treasury, bank account, and Inventory balances to start fresh? - Daftra Knowledge Base<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/docs.daftra.com\/en\/faq\/zero-out-treasury-bank-inventory-balances\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How do I zero out Treasury, bank account, and Inventory balances to start fresh? - Daftra Knowledge Base\" \/>\n<meta property=\"og:description\" content=\"First: Banks and Treasuries (using a Journal Entry) From Accounting, click Journal Entries, then Add Entry. 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