For the indicated account the final balance from the previous year does not correspond to the opening balance of the current year.
Causes
Usually the amounts of the Opening and Previous columns in the current year Accounts table must match the previous year-end balances (the previous year file name is shown in the File and Accounting properties ).
If the program reports discrepancies, there can be several causes:
- After creating the new year you made changes to the previous year's file.
- The opening amounts of the current year have been changed manually.
- In the new year's file, an account that had a closing balance in the previous year has been renamed or deleted.
- In the Exchange rates table, the opening exchange rates are not the same used as closing exchange rates for the previous year.
The opening balance in basic currency (calculated from the opening exchange rates) does not match the previous year's balance.
Solutions
- Update the opening balance with the from the Actions Menu > Update opening balances
- If an account that had a closing balance has been renamed or deleted, in the new year's file you need to:
- Re-enter the deleted or renamed account from the previous file.
- Update the initial balances again from the Actions menu > Update initial balances.
- Add the new account and transfer the balance from the old account to the new one.
- There are cases where the difference is meant to be; in this case you can ignore the error message.