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Merge pull request #269 from mseibert/patch-9

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Update opening-accounts.md
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Rushabh Mehta
2018-08-06 16:54:03 +05:30
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# Updating Opening Balance in Accounts
If you are a new company you can start using ERPNext accounting module by going to chart of accounts. However, if you are migrating from a legacy accounting system like Tally or a Fox Pro based software
We recommend that you start using accounting in a new financial year, but you could start midway too. To setup your accounts, you will need the following for the “day” you start using accounting in ERPNext:
If you are a new company you can start using ERPNext accounting module by going to chart of accounts. However, if you are migrating from a legacy accounting system like Tally or a Fox Pro based software we recommend that you start using accounting in a new financial year, but you could start midway too. To setup your accounts, you will need the following for the “day” you start using accounting in ERPNext:
* Opening capital accounts - like your shareholder’s (or owner’) capital, loans, bank balances on that day.