Enter the account to which the opening balance should be transferred. When you select an account and then run the Opening ...

Enter the account to which the opening balance should be transferred. When you select an account and then run the Opening transactions periodic job for a new fiscal year, the balance of the current account is transferred to the account that is specified in this field. You should select only asset or liability accounts in this field, because profit and loss, revenue, and expense accounts are set to 0 (zero) when you create opening transactions.
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