- Help Centre
- Setting up SILQ
- Setting up your Trust Account
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Setting up SILQ
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Getting Started with SILQ
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Financial Management
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Advanced Accounting and Reporting
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Trust Accounting
- Trust Accounting
- Controlled Money Receipts
- Statutory Deposits and Receipts
- Entering and Transferring Unknown Deposits
- Trust Accounting Chart of Accounts
- Trust Reporting
- Deposit Adjustments and Withdrawals
- Trust Account Bank Reconciliations
- Trust Reconciliation Example Scenarios
- Trust Transaction Dating and Trust Money Recording
- Trust problem trouble shooting
- Protected Trust
- Automatic Bank Feeds
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Legal Details
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Document register, Document templates and Court Forms
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Using InfoTrack in SILQ
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Using SILQ Outlook Add-In
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SILQ & Word Integration
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Exporting Data
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Invoicing
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Using SILQ
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Reports
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Emails in SILQ
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Estates
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Time Entries
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MYOB
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Xero
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Dashboards
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Budgets
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Permissions
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Contacts
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SILQ Security
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Early Access
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Moving to SILQ
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What's New
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SILQ Desktop
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Subscription & Billing
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Lexon Integration
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Firm Directory
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Pricing Plans
Entering a starting balance for a selected account
In order to establish a starting balance for your accounts, Click on the Accounts tab in the Top Toolbar, then click General Journal. The General Journal window will open up. Click the New button in the toolbar.
The New General Journal Entry window will appear. Click the New Item button. Enter the Debit or the Credit amount at the bottom of the window and then choose the account. Then click the Add Item button.
Repeat this process for adding the credit and debit for this account. Then continue with the same process to add the starting balance for the next account. You may wish to talk to your accountant to ensure this information is entered correctly.
The Debits need to equal the credits. Then click on the Save button.