SAV Academy · Chart of Accounts & Accounting
Opening balances
Purpose
Enter starting balances when migrating to SAV so the ledger matches your prior books.
Who uses it
Accountants during setup.
Prerequisites
- •Prior trial balance and party balances
Step by step
- 1Open Accounting → Opening Balances.
- 2Enter account balances and customer/supplier opening amounts.
- 3Confirm the opening trial balance is balanced.
- 4Lock the period before the go-live date.
Key fields
| Opening date | The cut-over date. |
| Party balances | Initial AR/AP per customer/supplier. |
Practical example
Migrate a customer with a 5,000 AED outstanding balance as an opening amount.
Accounting impact
Opening balances post through a dedicated opening equity/suspense mechanism, not as sales or purchases.
Warnings
- •Entering openings as invoices double-counts VAT and revenue.