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Accounting

Enter opening balances in MintLGS

Enter starting balances for the accounts shown in the opening-balance form. MintLGS previews the balancing entry before you post it to the journal.

Before you start

  • Accounting → Chart of Accounts → Set Opening Balances
  • You need accounting view permission to open this section. Creating or changing accounts, entries, and recurring templates requires the appropriate accounting permissions.

What success looks like

  • The opening balances are posted to the journal with the balancing offset shown in the form.

Quick start

The shortest path through this area.

  1. 1In Chart of Accounts, click Set Opening Balances. You can also open it from the initial setup notice.
  2. 2Select the Effective date.
  3. 3Enter the starting amount for each eligible account you need to include.
  4. 4Review the debit and credit totals and the Opening Balance Equity offset shown by the form.
  5. 5Click Post Opening Balances and wait for confirmation.
  6. 6Open Journal Entries to review the Opening Balances entry. You can also check Balance Sheet using the relevant date.

How this area works

Reference information for the choices on this page.

Important details
  • The form uses Opening Balance Equity (3900) for the offset. It records the amounts you enter; it does not calculate which starting balances you should use.
  • Posting the form again can create another entry. Check Journal Entries before repeating a submission.

Troubleshooting

Choose the symptom that matches what you see.

An account is missing from the form

The form includes eligible Asset, Liability, and Equity accounts. Revenue and expense accounts are not included.

I posted the wrong amount

Open the posted entry and review it before making a correction or using the reversal action. Posting the entire opening-balance form again may duplicate amounts that were already correct.

Continue with a related guide

AccountingReverse a posted journal entryView and export Profit & Loss or Balance Sheet

Still stuck?

Open a support ticket. We’ll include this guide so you only need to explain what happened and where you got stuck.

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