{"id":15694,"date":"2025-05-26T13:03:07","date_gmt":"2025-05-26T10:03:07","guid":{"rendered":"https:\/\/support.simplbooks.lt\/?post_type=ht_kb&p=15694"},"modified":"2025-05-26T13:03:08","modified_gmt":"2025-05-26T10:03:08","slug":"entering-initial-balances-starting-company","status":"publish","type":"ht_kb","link":"https:\/\/support.simplbooks.lt\/en\/vartotojo-vadovai\/entering-initial-balances-starting-company\/","title":{"rendered":"Entering initial balances \u2013 starting company"},"content":{"rendered":"\n

When implementing SimplBooks accounting software, initial balances must be entered for both a starting company and an existing company. Until at least one account has an initial balance entered, no entries can be made. If the initial balances are unknown or all are zero for any other reason, at least one account must still have an initial balance entered, with the amount marked as zero.1<\/strong> When creating a company in the SimplBooks environment, the system automatically adds an initial balance transaction. You can find this entry under Accounting -> Transactions<\/strong>, where the \u201cSource document\u201d column will display \u201cINITIAL BALANCE.\u201d<\/p>\n\n\n\n

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2<\/strong> Click on the transaction line, and in the opened view, select \u201cEdit transaction.\u201d<\/p>\n\n\n\n

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3<\/strong> For a starting company<\/strong>, the initial balance date is the company\u2019s establishment date. Filling out the description field is not mandatory, but it is recommended to write \u201cinitial balance xx.xx.202x\u201d there.<\/p>\n\n\n\n

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4<\/strong> For a starting company<\/strong>, the default line (1010 Cash registry) is sufficient and nothing more needs to be added. It is enough to save the transaction (the share capital contribution is not part of the initial balance, it can be added as the next transaction<\/a> if needed).<\/p>\n\n\n\n

Note! <\/strong><\/mark>To ensure that the balance is automatically generated after the initial balance has been entered – be sure to specify the start date of the automatic transactions! Go to Settings – Environment Settings and in the field “Automatic transactions starting from” – enter the same date as the starting balance.<\/p>\n\n\n\n

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If you have any additional questions, write to us at support@simplbooks.ee<\/a><\/em><\/p>\n","protected":false},"author":425,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht_kb_category":[175,170],"ht_kb_tag":[],"class_list":["post-15694","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-accounting","ht_kb_category-where-to-start"],"_links":{"self":[{"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb\/15694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb"}],"about":[{"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/types\/ht_kb"}],"author":[{"embeddable":true,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/users\/425"}],"replies":[{"embeddable":true,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/comments?post=15694"}],"version-history":[{"count":3,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb\/15694\/revisions"}],"predecessor-version":[{"id":15728,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb\/15694\/revisions\/15728"}],"wp:attachment":[{"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/media?parent=15694"}],"wp:term":[{"taxonomy":"ht_kb_category","embeddable":true,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb_category?post=15694"},{"taxonomy":"ht_kb_tag","embeddable":true,"href":"https:\/\/support.simplbooks.lt\/en\/wp-json\/wp\/v2\/ht_kb_tag?post=15694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}