Opening balances are the foundation of your accounts when starting fresh in Axon ERP. They ensure your financial data is accurate from day one.

Step 1: Prepare Your Data

• Collect balances for customers, vendors, and owners from your previous records.
• Verify amounts against your last trial balance or closing statements.

Step 2: Access Opening Balance Setup

• Log in to Axon ERP.
• Navigate to the Customer, Vendor & Owner Setup section.

Step 3: Enter Customer Balances

• Select each customer account.
• Input outstanding receivables as of your start date.
• Save entries to update customer ledgers.

Step 4: Enter Vendor Balances

• Select vendor accounts.
• Record outstanding payables.
• Confirm entries match supplier statements.

Step 5: Enter Owner Balances

• Go to the Owner setup section.
• Enter capital contributions or equity balances.
• Ensure totals align with your financial position.

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