Opening bank balance

Entering an opening bank balance is as simple as creating a new receipt from your bank. This will increase the bank balance from the receipt date.

⚠️ The opening balance should not be recorded as a journal entry.

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🏷️ Example

For this example, we enter $100 as our opening bank balance on 11th December 2022.

1. Click on the Add Receipt button in your bank transactions.

2. Fill out the form

Form Fields

• ✅ The Pay To field is the bank you wish to enter the current balance.
• ✅ On the Basic Data tab, select the account you wish to use. In this example, we will select 3110, which is an Owner’s Capital account.

🏁 Results

1. The bank balance in your Gimbla system should now be $100.00.

2. If you look at the account transaction report, you can see the double entry which debits the 1110 - ANZ Business Essentials and credits the 3110 - Owner’s Capital account.

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