How to Knock-Off the opening balance for Account Receivable and Account Payable?

1. Go to “Accounting” and choose “Opening Balance” .

2. After setting up the opening balance for “Account Receivable-Debtors” , a ‘Knock-Off’ Button will be at the side like the picture below. (The knock-off button will appear for Account Receivables, Account Payable and Inventory ONLY)

3. Click it.

4. Select the appropriate account to knock-off your debtor opening.

(Eg. Debit Bank, Credit Debtor - Name)

5. Go to “Accounting” and choose “Statement of Account”.

6. Filter it with the debtor name. You can see the opening balance has been knock-off.