Opening Balance

Check Opening Balance if this document is intended to be a part of the vendor's beginning balance, the total of vendor bills and credits outstanding when you first start to use ObjAcct.  If Opening Balance is checked, a transaction line is automatically created using a special Opening Balance equity account. The only field in the transaction section of the screen that can be changed if Opening Balance is checked is Amount. 

Opening Balance only appears on the screen while Allow Entry of Opening Balances in Company Setup is checked.  Once you have decided that opening balances may no longer be changed, un-check the Allow Entry of Opening Balances in Company Setup and Opening Balance will no longer be available in the screen.

Review the Entering Beginning Balances and Entering Vendor Beginning Balances for illustrations and a detailed explanation of entering vendors' opening balances.