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Daily Operation   >   Closing Balance

Closing Balance

Suitable for a new user to input the closing balance of the last financial year to the new system

CLosing Balance 1 eng.png

  • Financial Year: User should input the financial year first for any inquiry. The range of that financial year will be shown automatically

  • Type: Trial Balance or Balance Sheet reports

  • Closing Balance as at: Choose a month and year to search. If Balance Sheet is chosen in Type, Closing Balance as at will be the last month of the chosen financial year

  • Acc. Code / Acct. Name / Acct. Type: Retrieved from [Master > Chart of Account]

  • Debit / Credit: Automatically shows the Debit/Credit side of a chosen date. Blue items stand for Sub-Account. Double click to view/input the amount in a sub account

  • Total: The total of all the Debit amount and Credit amount will be shown

  • Non-Balance Amount: The difference between the amount of Total Debit and Total Credit. A non-balance account cannot be saved

  • Closing Balance Voucher No.: After saving, the system will generate an opening voucher or an adjustment voucher. The Voucher No. should be: CBYYYYMM

  • Closing Balance Stock Voucher No.: If the inputted information relates to the closing stock’s amount, the system will generate a closing stock’s voucher. The Voucher No.is: STKYYYYMM

  • Note: After saving, the system will update Closing Stock, Year End and Period Lock functions, so it is suggested to enter all opening balance’s information in Voucher as well

Steps for entering closing balance for the first time

  • Enter User’s closing balance into MAS-Account

  • Choose Balance Sheet in Type. Enter last fiscal year’s closing balance by the first time using it

  • Manually enter the previous financial year’s closing balance in Debit/Credit side, which are zero

  • Users can also enter Opening Balance in Voucher. Please refer to Voucher

  • If there is Stock, it is recommended to enter the Opening Voucher in Voucher

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