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FAQ: What happens if I don't import Opening Balance files for prior periods?

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Importing an opening balance for each period ensures that all account balances are up-to-date with adjusting entries made prior to that period.

Learn what happens if you do not import opening balance files for prior periods.


In income statement and balance sheet report exports, the prior year tabs will only show activity for the accounts (i.e.; data from the general ledger file) and would say "not provided."

Sample export without prior period opening balances.png

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