Accounts
Why opening balances matter on the Accounts page
Understand how opening balances affect Cash, M-PESA and Bank totals.
Opening balances are the starting amounts Bizwazi uses to calculate your running account position.
What to check
- Cash opening balance is the cash amount you started with.
- M-PESA opening balance is the mobile money amount you started with.
- Bank opening balance is the bank/card amount you started with.
- Bizwazi adds money in and subtracts money out from those opening balances.
- If opening balances are wrong, the account balances can also look wrong.
Useful tips
- Set opening balances before using Bizwazi seriously.
- Use Edit opening balances if the starting values were entered wrongly.
- Changing opening balances can affect how historical account positions appear.
Was this guide useful?
Bizwazi helps small businesses record sales, expenses, invoices, inventory, bills, transfers and daily balances so the money makes more sense.