Opening bank balance

Your opening bank balance is the amount in your bank account when you begin using Gimbla. To enter it, create an Add Receipt transaction using the date and balance you are starting from.

⚠️ Important: Do not enter an opening bank balance using a journal entry. Bank balances must be entered through Bank Transactions.

🧭 Navigate to

👣 Enter the opening balance

In this example, we will enter an opening bank balance of $100 as at 3 July 2025.

1 Open your bank transactions and click Add Receipt.

2 Complete the receipt form:

• Date: Enter the date of your opening bank balance.
• Description: Enter Opening Balance.
• Price: Enter the opening balance amount, such as 100.00.
• Account: Select an appropriate Equity account from your Chart of Accounts. Common options include Owner's Capital or a dedicated Opening Balance Equity account.
• Tax: Leave this blank, as an opening bank balance does not include GST.

3 Click Create. Your bank balance in Gimbla will now include the opening amount from the date entered.

📚 Frequently asked questions

Why isn't my bank reconciliation balanced?

After creating the receipt, you must reconcile it against a matching bank statement line.

Until this is done, the Reconciliation tab will show a difference. In this example, the difference is $100 because the receipt has been recorded in Gimbla, but there is not yet a matching bank statement line.

🏁 Reconcile the opening balance

If you have imported a matching bank statement line, you can match it to the receipt. Otherwise, follow the steps below to manually create the statement line and reconcile the receipt at the same time.

1 Open the Account Transactions tab and find the opening balance receipt you created. Adjust the date range if the transaction is not displayed.

2 Click the reconcile icon next to the transaction. Gimbla will create a matching bank statement line, and the icon will change to a green tick (✓) to show that the transaction has been reconciled.

3 Open the Bank Statements tab to view the statement line that was created. This is similar to importing a statement line, except it was created manually when you reconciled the transaction.

4 Return to the Reconciliation tab. The difference should now be $0, confirming that your bank account is balanced.