---
title: "Starting Balance"
description: "Enter your opening balances in the organization settings to ensure the accounts are accurate and to help keep historic accounting records."
url: https://help.juan.tax/en/articles/154-starting-balance
collection: "Organization Settings"
updated: 2024-11-18
language: en
---

# Starting Balance

Enter your opening balances in the organization settings to ensure the accounts are accurate and to help keep historic accounting records.

**Important things to remember:**

-   Plus users would need to enter/transfer their opening balances in the Starting Balance feature otherwise, their balance for the year 2020 will be 0
    
-   Starting Balances set would be the source in providing accumulated year-end numbers in your Balance Sheet
    
-   Make sure to counter check any Financial Reports after entering these balances
    

* * *

**To set up Starting Balances Follow the video tutorial below:**

Starting Balance Setting is accessible in the Organization Settings of your Plus Account.

**STEP 1**: From the Menu Bar choose **Settings**.

![](https://downloads.intercomcdn.com/i/o/380293922/69a008025d6e3a1ba28d74aa/image.png?expires=1730690100&signature=8114d5d81976a3270693860542c1d43078019c389c692f2e8a5bc8f8adcad47c&req=dygnFMB9lINdFb4f3HP0gO5Fdmulrhvo4bQvI1TkATB76QI7eKmPOwPWf1%2FT%0A4uk%3D%0A)

**STEP 2**: Select **Starting Balance**.

![](https://downloads.intercomcdn.com/i/o/380293967/7489e69b1943ccd61f7a8beb/image.png?expires=1730690100&signature=d9e1ea9686a2f416f6837ef3f5778ae0d4170efe2afe99d7a4ce4a2930fe827d&req=dygnFMB9lIdYFb4f3HP0gN22fqB8llwp4TvBTCNDV4nswqP0UaAfCvJm%2B%2B92%0A35E%3D%0A)

**STEP 3**: Enter your Opening Balances

-   Start with the reference number or any information describing the entry (_as seen below_)
    
-   Make sure to enter the correct financial year-end date
    
-   Start filling out the table by adding the description, chart of accounts, and the debit/credit numbers.
    

![](https://downloads.intercomcdn.com/i/o/380293832/39f1c9e7dcf7e80f05184962/Screen+Shot+2021-08-25+at+1.53.52+PM.png?expires=1730690100&signature=f76bb421e1119687af804228d0a992f3ee1383c48902e66581f5aede9177ac55&req=dygnFMB9lYJdFb4f3HP0gARRfYJK9kD9zVLGE1io1QHLd%2BfiP7gSJjYA%2B7gV%0A%2Bck%3D%0A)

That's it! Starting balances will flow accordingly to your General Ledger and Financial Statements.

_In this example, we use the_ **_Balance Sheet_**_; notice that the same amount entered in the Starting Balance appeared in this report._

![](https://downloads.intercomcdn.com/i/o/380294337/daa102b2249285a54ed88de9/Screen+Shot+2021-08-25+at+1.56.08+PM.png?expires=1730690100&signature=268aa4d94005168ee3fb4d896d8dd7435db6c702677f2df20bf1cc3eb579b1ef&req=dygnFMB6noJYFb4f3HP0gIMyKQaJ2HuyHfcwSNIWPWqJEtDPOMwwoI5ESTJb%0AMz8%3D%0A)

**Helpful Links:**

[Update Organization’s Data](https://help.juan.tax/en/articles/881841-update-organization-s-data-in-juantax.md)

[Email Settings](https://help.juan.tax/en/articles/4110341-email-settings.md)

[Adding Signature Templates to Reports](https://help.juan.tax/en/articles/1241578-adding-signature-templates-to-reports.md)

  
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