Hi there everyone, and welcome once again to Built Financial Technologies. Thank you for joining me for another tutorial session as we will be going through how to enter opening balances into the built application.

And so, we first start off by selecting settings from the dashboard menu and then, opening balances. In doing this, we have two options or scenarios that is; either to import an Excel file into the system containing the opening balances, or to just click on the +New button to input them one by one into the system.

We will start with the option of just clicking on +New and then entering them one by one into the system. Select a date or a time period for which these opening balances would be for and also, give them a description as well. And then Kylie enter the transactions.

So you add up a number of items, but the key principle is to ensure that the debit and the credit side balances before you can save these opening balances. So I'll go ahead to enter a few transactions into the system so that we can just save it and proceed from there.

And so once our debits and credits balances, and we’ve also checked the date and the description to ensure that everything is fine, click on save, and then these opening balances will be saved in the system.

If you want to go along with the second option as well, just click on import. You first have to download the sample template. This is like an Excel sheet template in which you would input the opening balances as well and then you save them.

So when you're done filling this template, you just click on select file, to select the template from your files and then you upload. It also gives you the opportunity to preview all the transactions or all the entries that you have made and to ensure that your debits and credits balance.

And as you can see, our debit and credit is not balancing, and so we need to make edits or in your situation there would be a transaction that you've not made yet. And so, you check on that and then input them.

I'm sticking with the dates and the description as well and which you can equally change to suit what you want. When done, click on save and then the opening balances will save.

That brings us to the end of today's lesson. Thank you for joining me once again and have a good day.