Account type: Temporary

Account type Temporary marks the holding account used while loading opening balances when you move onto BRAccount: Temporary Opening - YFF in the demo. Each opening Journal Entry, Opening Invoice Creation Tool run and opening Stock Entry posts one side to the real account and the other side here, so the books stay balanced while balances arrive piece by piece. Opening stock of Rs 4,50,000 was loaded this way. When every balance is in, the account must be zero; a remaining balance means an opening figure is missing or doubled. It is never used for ordinary trading entries, and its balance should be checked before the first Period Closing Voucher.

Temporary Opening balance after migration = Sum of opening debits loaded - Sum of opening credits loaded = Rs 0

1. 01Go to Accounts Setup > Chart of Accounts and open Temporary Opening - YFF; confirm the type.
2. 02Load opening stock with Stock > Stock Entry type Material Receipt, difference account Temporary Opening.
3. 03Load unpaid bills with the Opening Invoice Creation Tool and other balances with Journal Entries.
4. 04Each posts one side here, as in the entry below.
5. 05Open its ledger when finished; the balance must be zero.

Set on Temporary Opening - YFF; use it in the Opening Invoice Creation Tool and opening Journal Entries.

Opening stock of Rs 4,50,000 was loaded against Temporary Opening.