The desktop version would allow you to change the Opening Balances for that year. Now the online version makes me go back to the first fiscal year. I would prefer it to be editable at the current year.
Hello, on the desktop, you must be in the first fiscal year in order to change opening balances. You are able to do adjusting entries to adjust an opening year balance, but it is accounting standard that you cannot change opening balances after the first fiscal year, since it is an accumulation of the transactions from year to year after that.
If you have any other questions on this, please feel free to give us a call.
Guest
Hello, on the desktop, you must be in the first fiscal year in order to change opening balances. You are able to do adjusting entries to adjust an opening year balance, but it is accounting standard that you cannot change opening balances after the first fiscal year, since it is an accumulation of the transactions from year to year after that.
If you have any other questions on this, please feel free to give us a call.