To simplify the administration and tracking of banking activity, you can set up Bank Accounts to record money in and out transactions.
This can be done using the Accounts Import Template (See Setup Chart of Accounts) or by manually adding a Bank Account.
Banking>Bank Accounts + (New Bank Account)
You can add the Opening Balance at any time. We suggest you do this when you have all the Setup completed and you have completed all data migration steps including import of open transactions and other opening balances.