Opening Balance

Normally the first thing you will do when starting a new Bank or Charge account is to take the last statement received and to enter the opening balance, followed by all the items since that date.

This dialog lets you specify the date, the amount and whether the balance is in credit or overdrawn.

It sets up an account item with the description 'Opening Balance' as a debit or a credit as specified by you, and with the opposing entry going to the Capital account.