If we use the procedure recommended in step 7 (paying advances), the cash registers/bank accounts will already have a balance. We therefore correct the value by adding a difference entry to the relevant cash register/bank account, which we post again using the bridging account 395xxx as the contra account.

The best way to enter the opening balance for the bank and cash register is directly in the respective module. To enter the opening bank balance in CZK, we create an incoming bank document in the bank module:

In the same way, we then enter the opening balance in a foreign currency:

We enter the opening balances for the cash register in the same way.

This approach ensures that the opening balance for the bank and cash register is reflected not only in the accounting on accounts 221 and 211, but also in the cash book and bank book, so that these balances will then be in agreement.