Finalizing beginning balances

After you reconcile all your beginning balances, you are ready to finalize them. When you finalize your beginning balances:

• The Beginning Balances option disappears from the Company menu.
• You cannot create new entries dated earlier than that of your beginning balance date.

1. From the Company menu, select Preferences.
2. Ensure that all the information you entered is in balance.
3. Ensure that you match cash, accounts payable, accounts receivable, and work-in-progress (assets and unbilled revenue).
4. In the Beginning Balances box on the General tab, select the Complete check box.
5. Click Save .

See also

Reconciling the trial balance

Reconciling for bank accounts

Reconciling for vendors 1099 paid

Reconciling for open vendor invoices

Reconciling for unpaid client invoices

Reconciling for unbilled WIP