{"id":13144,"date":"2022-04-08T20:25:13","date_gmt":"2022-04-08T18:25:13","guid":{"rendered":"https:\/\/programsshop.com\/?p=13144"},"modified":"2022-04-12T07:29:36","modified_gmt":"2022-04-12T05:29:36","slug":"%d8%a7%d9%84%d8%b1%d8%b5%d9%8a%d8%af-%d8%a7%d9%84%d8%a7%d9%81%d8%aa%d8%aa%d8%a7%d8%ad%d9%8a","status":"publish","type":"post","link":"https:\/\/programsshop.com\/en\/2022\/04\/08\/%d8%a7%d9%84%d8%b1%d8%b5%d9%8a%d8%af-%d8%a7%d9%84%d8%a7%d9%81%d8%aa%d8%aa%d8%a7%d8%ad%d9%8a\/","title":{"rendered":"Opening balance"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"13144\" class=\"elementor elementor-13144\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48b5f71b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48b5f71b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-31fbaeeb\" data-id=\"31fbaeeb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-10a92e6c elementor-widget elementor-widget-text-editor\" data-id=\"10a92e6c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><!-- wp:paragraph --><\/span><\/p>\n<p><span style=\"font-size: 14pt; color: #000000;\">The opening balance for the current fiscal year represents the closing balance for the previous fiscal year. The opening balance includes the balance sheet accounts (permanent accounts) without the income statement accounts (temporary accounts) that are closed annually in the profit and loss account and this account appears in the balance sheet in the name of the working profits account (retained or carried forward earnings).<\/span><\/p>\n<p><span style=\"color: #000000;\"><!-- \/wp:paragraph --><!-- wp:paragraph --><\/span><\/p>\n<p><strong><span style=\"color: #000000; font-size: 16pt;\">How can we use the opening balances feature for accounts in Afaky Integrated Accounting ERP System?<\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\"><!-- \/wp:paragraph --><!-- wp:paragraph --><\/span><\/p>\n<p><span style=\"color: #000000; font-size: 14pt;\">The opening balances are used to transfer the account data to the Afaky accounting program in the form of a movement of entries (debit - credit).<\/span><\/p>\n<p><span style=\"color: #000000;\"><!-- \/wp:paragraph --><!-- wp:paragraph --><\/span><\/p>\n<p><strong><span style=\"color: #000000; font-size: 14pt;\">It includes all permanent accounts such as:<\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\"><!-- \/wp:paragraph --><!-- wp:paragraph --><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Asset Account:<\/strong> It expresses the economic resources owned by the enterprise such as: inventory (products and costs), bank, cash, debtors (customers).<\/span><\/p>\n<p><span style=\"color: #000000;\"><!-- \/wp:paragraph --><!-- wp:paragraph --><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Liabilities account:<\/strong> It expresses the firm&#039;s obligations towards others in return for obtaining goods, services or loans. For example: creditors (suppliers).<\/span><\/p>\n<p><span style=\"color: #000000;\"><!-- \/wp:paragraph --><!-- wp:paragraph --><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Owners&#039; rights:<\/strong> It is the money owned by the owners of the establishment in the establishment. Such as: capital, retained earnings (working earnings).<\/span><\/p>\n<p><span style=\"color: #000000;\"><!-- \/wp:paragraph --><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>The opening balance for the current fiscal year represents the closing balance for the previous fiscal year. The opening balance includes the balance sheet accounts (permanent accounts) without the income statement accounts (temporary accounts) that are closed annually in the profit and loss account and this account appears in\u2026<\/p>","protected":false},"author":1,"featured_media":13226,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71,8,179,3,256,7,178],"tags":[252,255,246,245,230,242,248,238,234,240,243,247,235,233,239,244,254],"class_list":["post-13144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-customer-review","category-8","category-179","category-3","category-new","category-7","category-global","tag-erp--","tag-255","tag-246","tag-245","tag-230","tag-242","tag-248","tag-238","tag-234","tag-240","tag-243","tag-247","tag-235","tag-233","tag-239","tag-244","tag-254"],"_links":{"self":[{"href":"https:\/\/programsshop.com\/en\/wp-json\/wp\/v2\/posts\/13144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/programsshop.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/programsshop.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/programsshop.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/programsshop.com\/en\/wp-json\/wp\/v2\/comments?post=13144"}],"version-history":[{"count":0,"href":"https:\/\/programsshop.com\/en\/wp-json\/wp\/v2\/posts\/13144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/programsshop.com\/en\/wp-json\/wp\/v2\/media\/13226"}],"wp:attachment":[{"href":"https:\/\/programsshop.com\/en\/wp-json\/wp\/v2\/media?parent=13144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/programsshop.com\/en\/wp-json\/wp\/v2\/categories?post=13144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/programsshop.com\/en\/wp-json\/wp\/v2\/tags?post=13144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}