This webinar covers adding opening balances and journal entries in Qoyod — an essential step when moving to Qoyod to ensure an accurate start for your accounts.
What this webinar covers
- What opening balances are and why they matter when migrating
- Entering account, customer, and supplier balances
- Recording manual journal entries
- Making sure each entry balances (debit = credit)
- Reviewing opening balances before approval
- The effect of entries on financial reports
Who is this webinar for?
This webinar is ideal for accountants and business owners migrating to Qoyod from another system who want to carry over their balances accurately.
Frequently asked questions
When do I need to enter opening balances?
You need them when migrating to Qoyod from a previous system, to carry over your account balances up to the start date.
Does Qoyod check that an entry balances?
Yes. An entry is only approved when total debit equals total credit.
Are Qoyod Academy webinars free?
Yes. All Qoyod Academy webinars are completely free and available to watch any time.
What Attendees Say
Thank you so much, the explanation was clear and thorough.
Keep up the great work. I learned a lot from the payroll webinar.
Excellent. I really benefited from the simple, clear explanation.
