Cant post opening balances in chart of account.

Question

Hi. 
 I am setting up a new company on the computer (was on paper). We have the numbers that need to be entered as opening balances (bank balance, capital, payables, etc) but when I go into the account it just says I cant except at the start of a new fiscal year. It is the start. I haven't entered anything, its on Jan 1 like it should be. I have even tried making another new company the year before and rolling it into the current year. Very frustrated. Please help! 
 
 Rashelle

Patrick S · Accepted Answer

Rashelle, 
 Usually when you create a new company the database is automatically in history mode. In that mode you can enter opening balances. 
 The program will basically post one sided entries into the accounts and sub-ledgers as of a day before the fiscal the start date. 
 To check if your database is in history mode click on this link . 
 To learn more about posting into history please click on this link . 
 Hope this helps.

Sage 50 Canada

Cant post opening balances in chart of account.

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