Initial Balance

Invoicing > Reporting > Calculate Initial Balance

The feature of initial balance calculation is included in module packaged named kg_account.

On click button [Process] the system will calculate beginning balance of selected company and period. The begining balance will be saved into table named account_move_yearly_balance. If in any case there are transactions posted into the previous period which already counted, user have to recalculate the previous period in order to report Trial Balance to display the right beginning balance for the accounts updated.