If you are just starting out with your company and have not posted any transactions, Sage 50 assumes that you are entering beginning balances for your accounts when you select the Beginning Balances button. If you have posted transactions, Sage 50 assumes that you are entering adjustments to your accounts for a period in a prior year. If you enter a new account, Sage 50 assumes that this account has a zero balance. You may find it easier to add all necessary accounts and then create one cumulative beginning-balance entry.
Enter all the beginning balances for the accounts. Scroll the list box to make sure the account amounts are correct. If necessary, you can enter a negative amount; just type a minus sign before the number. Note that for each period, a running beginning balance is kept. Thus, if you change an amount in Period 1, the amounts for subsequent periods are also changed. However, if you change an amount in Period 2, the same account balance in Period 1 is unchanged.