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accountingledgeropeningbalances
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Hamza Rana

Hi, I have successfully set up the opening balance for my Banks. What I did was:
1- Created a journal (Bank A).
2- Created an account head in my Chart of Accounts (Bank)
3- Imported Statement & reconciled.

The balance for this bank in General Ledger was adjusted/linked with the transactions.

Now, when I try to set up opening balances for my vendors/customers, that opening balance does not adjust/link up with the journal entries. 

Please see these images for reference. For Eg: Vendor A had a balance of 15,000 on 31st December 2016. 
Now when I create a journal entry on 1st January 2017, and make a 10,000 payment to Vendor A, the net balance should be 5,000.

Kindly help me asap. I have tried many different things, but the last year's balance does not affect this year's transactions/entries, like the Bank does.

http://imgur.com/a/aIKT5
http://tinypic.com/r/2itq2jn/9

Thanks.

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Ermin Trevisan
Best Answer

The recommended way is to post all open invoices with their original invoice dates. If you want to do it otherwise, you have to consult your accountant. Based on your information I'm not able to understand your account moves. It is also important to mention your Odoo version and edition.

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