How do I enter beginning balances for a new corporation to be set up in General Ledger?

Question:

How do I enter beginning balances for a new corporation to be set up in General Ledger?

Resolution:

When you are ready to enter opening balances for the G/L, use a book code of " AA" (press space bar 2x and AA). This way they will appear as the first entries in the accounting period that you specify.

You would do this in a journal entry. See page 53 in the GL user manual for more information.