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

Modified on Mon, 31 Jul 2023 at 03:14 PM

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

  1. 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)

  2. Click it.


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

(Eg. Debit Bank, Credit Debtor - Name)


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

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


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