Managing Opening Balance
Last updated: 24 February 2025 · < 1 min read
The Opening Balance feature in BillBook helps businesses track outstanding amounts that customers owe or suppliers need to be paid.
What is an Opening Balance?
- Opening Balance (to Customers) – The total amount customers owe to your business at the start of using BillBook.
- Opening Balance (to Suppliers) – The total amount your business owes to suppliers before starting transactions in BillBook.
Adding an Opening Balance
- Go to → Contacts → Customers/Suppliers
- Click on Add to create a new contact or Edit an existing one.
- Click on the More Information button.
- Find the Opening Balance field.
- Enter the amount the customer/supplier owes.
- Click Save.