Incorrect opening balance

Problem reported by Lisa Deal 3 weeks ago

Hi can you please tell me how I can amend an opening balance on an account from April 2022. I have set up a loan account with a balance of £250,000 but should have been £276,351.84. Do I just add a credit of £26351.84 on Settings - Opening Balances? The loan is now cleared so balance should be showing as zero but balance currently showing as the difference from the incorrect opening balance figure. Thank you.

1 Reply

Hi Lisa,

You can edit this by heading to Money > Bank accounts > Click on the Loan account balance > Then, amend the From Date to 31/03/2021 > Click Find > Click on the 250,000 figure > Click Edit > You should then be able to amend the amount.

Tommy

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