How do I set opening balances so my Balance Sheet balances?

Open Transactions > Expenses & Journal, click Chart of Accounts, and enter the balance each account had on the first day of the financial year. Use Cr (credit) for things you owe or capital, such as Owner's Capital and loans. Use Dr (debit) for things you own, such as fixed assets and security deposits. Click Save at the bottom. Expense and income accounts have no opening balance because they start every year at zero. Party balances, item stock and bank balances come from the Party Master, Item Master and Bank & Cash Accounts. If the Balance Sheet still shows a Difference in opening balances row, an opening balance is missing or entered on the wrong side. The banner on the Balance Sheet links straight to this page.