{"id":39763,"date":"2025-08-18T08:45:28","date_gmt":"2025-08-18T08:45:28","guid":{"rendered":"https:\/\/docs.daftra.com\/faq\/%d9%87%d9%84-%d9%8a%d9%85%d9%83%d9%86-%d8%a5%d8%af%d8%ae%d8%a7%d9%84-%d8%a7%d9%84%d8%a3%d8%b1%d8%b5%d8%af%d8%a9-%d8%a7%d9%84%d8%a7%d9%81%d8%aa%d8%aa%d8%a7%d8%ad%d9%8a%d8%a9-%d9%81%d9%8a-%d8%a7%d9%84\/"},"modified":"2025-10-12T08:39:14","modified_gmt":"2025-10-12T08:39:14","slug":"can-opening-balances-be-entered-in-the-general-ledger-assets-liabilities-and-equity-accounts","status":"publish","type":"faq","link":"https:\/\/docs.daftra.com\/en\/faq\/can-opening-balances-be-entered-in-the-general-ledger-assets-liabilities-and-equity-accounts\/","title":{"rendered":"Can Opening Balances Be Entered in the General Ledger (Assets, Liabilities, and Equity Accounts)?"},"content":{"rendered":"<div class=\"p-rich_text_section\">\n<p dir=\"ltr\" data-start=\"105\" data-end=\"303\">Yes, when you start using the system, opening balances are entered using an <strong data-start=\"177\" data-end=\"201\">intermediary account<\/strong> called <strong data-start=\"209\" data-end=\"229\">Opening Balances<\/strong>, and they are recorded <strong data-start=\"253\" data-end=\"289\">manually through journal entries<\/strong> as follows:<\/p>\n<p dir=\"ltr\" data-start=\"305\" data-end=\"385\"><strong data-start=\"305\" data-end=\"321\">First Entry:<\/strong><br data-start=\"321\" data-end=\"324\" \/><strong data-start=\"324\" data-end=\"333\">From:<\/strong> Asset Accounts<br data-start=\"348\" data-end=\"351\" \/><strong data-start=\"351\" data-end=\"358\">To:<\/strong> Opening Balances Account<\/p>\n<p dir=\"ltr\" data-start=\"387\" data-end=\"481\" data-is-last-node=\"\" data-is-only-node=\"\"><strong data-start=\"387\" data-end=\"404\">Second Entry:<\/strong><br data-start=\"404\" data-end=\"407\" \/><strong data-start=\"407\" data-end=\"416\">From:<\/strong> Opening Balances Account<br data-start=\"441\" data-end=\"444\" \/><strong data-start=\"444\" data-end=\"451\">To:<\/strong> Liability and Equity Accounts<\/p>\n<\/div>\n","protected":false},"author":29,"template":"","categories":[2116],"tags":[],"class_list":["post-39763","faq","type-faq","status-publish","hentry","category-journal-entries"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can Opening Balances Be Entered in the General Ledger (Assets, Liabilities, and Equity Accounts)? - 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\/can-opening-balances-be-entered-in-the-general-ledger-assets-liabilities-and-equity-accounts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Opening Balances Be Entered in the General Ledger (Assets, Liabilities, and Equity Accounts)? - Daftra Knowledge Base\" \/>\n<meta property=\"og:description\" content=\"Yes, when you start using the system, opening balances are entered using an intermediary account called Opening Balances, and they are recorded manually through journal entries as follows: First Entry:From: Asset AccountsTo: Opening Balances Account Second Entry:From: Opening Balances AccountTo: Liability and Equity Accounts\" \/>\n<meta property=\"og:url\" content=\"https:\/\/docs.daftra.com\/en\/faq\/can-opening-balances-be-entered-in-the-general-ledger-assets-liabilities-and-equity-accounts\/\" \/>\n<meta property=\"og:site_name\" content=\"Daftra Knowledge Base\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-12T08:39:14+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/docs.daftra.com\/#website\",\"url\":\"https:\/\/docs.daftra.com\/\",\"name\":\"Daftra Knowledge Base\",\"description\":\"Daftra\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/docs.daftra.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/docs.daftra.com\/en\/faq\/can-opening-balances-be-entered-in-the-general-ledger-assets-liabilities-and-equity-accounts\/#webpage\",\"url\":\"https:\/\/docs.daftra.com\/en\/faq\/can-opening-balances-be-entered-in-the-general-ledger-assets-liabilities-and-equity-accounts\/\",\"name\":\"Can Opening Balances Be Entered in the General Ledger (Assets, Liabilities, and Equity Accounts)? 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