New opening bank balance
When starting a new year, the bank accounts (BANK/***) in RamBase need to be updated with a new opening balance.
Set new opening balance
To open the Bank Accounts (BANK) application, find Finance in the RamBase menu and then Cash management. Click Banks to enter the BANK application.
Highlight the relevant bank and press ENTER.
Click on the Opening balance tab
Click on the Create new opening balance button in the bottom left. Enter the opening balance in the Bank balance field, from the bank statement as of 31.12 previous year. Opening balance from general ledger for the corresponding GL account will show in the GL account balance field. Be aware that opening balance in the bank balance could differ from the opening balance in the general ledger, if transactions are registered one year in the bank and is posted to general ledger in another year.
If the BANK is in foreign currency, the opening balance must be entered in that same currency (not in the local currency).
Click the Create button. A record for the new opening balance is now created.