The Opening Balances settings page allows the user to configure the initial financial year for your business as well as import/export the opening balances for employees in the business.
To get to the Opening Balances settings page go to 'Payroll Settings' > 'Business Settings' > 'Opening Balances'.
The initial financial year for the company should be adjusted here. This is the year that the opening balances that Gross/PAYE will apply to. Leave balances are adjusted by the opening balance specified.
- To Import the opening balances, click on the 'Import' button.
- To Export the opening balances to a CSV or Excel file, click the 'Export' button.
- To configure the opening balances for a specific employee, open up the employee file and then go to the Opening Balances section.
To set the employees individual opening balances please see Setting Employee Opening Balances
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