How to Record Opening Balances in MyCloudBook: Accounts, Customers & Suppliers from a CSV File

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Length: 8:41

Learn how to record opening balances in MyCloudBook when you move your books from another system. Download the CSV templates, enter the opening balances of your accounts, customers (accounts receivable), and suppliers (accounts payable), and upload them as journal entries balanced against the Opening Balance Equity account.

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Chapters

  1. 0:00 Introduction
  2. 0:31 Part 1 - Where opening balances live
  3. 1:46 Part 2 - The three steps
  4. 2:23 Part 3 - Accounts opening balance
  5. 4:38 Part 4 - Customers opening balance
  6. 5:57 Part 5 - Suppliers, the same three steps
  7. 6:49 Part 6 - The counterpart and the rules
  8. 7:53 Recap

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