Enter opening balances and review a journal
Bring prior balances into Rentari with a balanced entry and a separate approval.
On this page
Prepare dated balances and their debit and credit accounts from the prior books.
Step 1: Prepare the starting balances
Use balances from your previous books or statements for the day before your new bookkeeping period. Gather bank, loan, property and other opening balances. Have your bookkeeper resolve missing or unmatched amounts.
Step 2: Open the entry form
From Import feed, choose Add transaction > Opening balance. Check Entry type, set Entry date to the agreed opening date, and choose the Book and Property.
Step 3: Enter the account lines
Add a Description. For each line choose Chart account, Side and Amount. Use Add line for more accounts. Debits must equal credits. Balance last line can fill the balancing amount; review its account and side before continuing.
Step 4: Submit and review
Choose Submit for review. Open Saved journal review and compare the saved date, accounts, amounts and description with your records.
Step 5: Approve the checked entry
Choose Approve & post journal only when the saved review is correct. Check the final status. Pending review is not posted.
What belongs in an opening balance?
Opening balances normally carry forward assets, liabilities and equity. Assets equal liabilities plus equity; the journal must also have equal debits and credits.
For a midyear move, prepare the earlier income and expense totals separately. Review any needed Manual journal with your bookkeeper rather than treating those totals as opening asset or liability balances.
Check the result
- The reviewed opening is posted with balanced lines and the intended date.
FAQs
Can I enter tenant deposits or prepaid rent here?
Use the dedicated lease and deposit workflows for tenant security deposits, prepaid rent and trust balances.
What if submission times out?
Reload and inspect Saved entries before submitting again. If the result is unclear, keep the journal reference and contact support.