Skip to main content

Why does Opening Bank Balance report as Nil?

Sandra McCarthy avatar
Written by Sandra McCarthy
Updated over 10 months ago

If the Opening Bank Balance reports as Nil:

  • Check to see if the Nil balance is being reported correctly from the closing balance of the previous period by running a Balance sheet report

  • If it is Nil in Calxa, check if it the Balance sheet is correct with the data in the Accounting file

  • If the Accounting File is different to Calxa, run the Sync to bring the data through to Calxa

  • If the closing balances for the previous period in the accounting file are also Nil, this may need to be updated by adding a Journal to create opening balances.

Did this answer your question?