I am adding opening balances to default GST heads when migrating from a legacy accounting software.
When I try to add opening entry in journal entry for the GST head, The account head is not populated in the list.
If the account head doesn’t show up which means that I cannot add the opening balances. How do I get around this problem.
I am assuming the way to work around this is to create a separate head on which I will add the opening balances and not close them when the GST is paid. And the default existing heads will contain the newer GST entries and work with them going forward.
Would that be a right way to go ahead with ?