ERPNext How to setup Bank Account Opening

ERPNext Accounting
1

Hi Team,

We are migrating financial data from the year 2023 to 2025. Could you please confirm the correct way to set the opening entry for each bank account for the year 2023?

Is using a temporary opening account the only option available, or is there an alternative method supported by ERPNext?

2

Hi,

You are using the correct option.

Thanks,

Divyesh Mangroliya

3

Thank you for your response.

Could you please clarify under which ledger group the Temporary Opening Account should be created?

Also, if I credit ₹1 crore to the temporary account, it will reflect in the Balance Sheet and Chart of Accounts. How can I avoid this from affecting financial reports, while still completing the opening entry?

4

Hi,

You can create it under liability.

You can’t avoid that account from appearing in Balance Sheet. This account should be zero at the end of all opening entries.

Thanks,

Divyesh M.