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Former Member
Nov 19, 2008 at 08:56 AM

How to Correct an Opening Balance?

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Hi everyone,

How can we change an opening balance for a particular GL account? For example, the beginning balance for Prepaid Rent is $100 on Dec. 31, 2007 and it was already uploaded in SBO2005 as an Opening Balance for January 01, 2008. And it was found out that the Prepaid Rent for December 31, 2007 should be adjusted to $120. The question is, how can this be adjusted in SBO 2005?

Thanks,

Malu