It is very easy to add the opening balance in Xero. Here’s a quick guide on how to do it in simple steps:
- On Xero's main dashboard, head over to the top menu bar and click 'Accounting'.
- Choose 'Advanced' from the list of options.
- Following that, tap 'Conversion Balances'.
- Enter the opening balance for each bank account. Type the details into the debit column.
- Once done, review your input and click save.
- After completing these steps, your bank's opening balances will be added to your Xero account.
