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Opening Balances

edited Dec 3, 2019 3:28PM in General 1 comment

Hello,

We are in the process of implementing Netsuite within our organization and are having trouble with the opening balances in our General Ledger. We started off by passing journal entries to enter opening balances, but doing this doubles up the balances in our general ledger (our general ledger shows an opening balances + the journal entry passed by us). Reversing this journal entry brings down the balances in all accounts to zero.


Is anyone else experiencing this issue as well? Any help/feedback would be greatly appreciated.

Thanks,
Jai

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