Since the release of JuanTax’s Plus Plan this year which includes Books of Accounts and Financial Settings, JuanTax users enter their Opening Balances by adding Manual Journal Entries.

JuanTax will be releasing the Starting Balance feature that will allow the users to enter their opening balances in their organization's settings. This is to improve the reliability of our reporting.

Important things to remember:

  • Once this feature is available, all JuanTax 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 Setting of your JuanTax Account.

  • Menu Bar > Settings > Starting Balance (Left Menu Button)

Enter your Opening Balances

  • Start by entering 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.

Starting balances will accordingly flow to your General Ledger and Financial Statements.

Balance Sheet:

Helpful Links:

Update Organization’s Data in JuanTax

Email Settings

Adding Signature Templates to Reports

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