Opening balances
Start Storeflea from your real position — enter opening balances for cash/bank accounts, customers and suppliers so every ledger begins correct.
Quick steps
- 1
Gather your figures
Note cash-in-hand, each bank balance, customer dues and supplier payables as of your start date.
- 2
Set account openings
Enter the opening balance on each Cash/Bank/UPI account.
- 3
Set customer & supplier openings
Record what each customer owes you and what you owe each supplier.
- 4
Verify
Check the totals; the balancing entry posts to Difference in Opening Balances.
You don't start a shop from zero — you start on Storeflea with money in the drawer, dues on the street and bills to pay. Opening balances capture that reality so your books are right from day one.
What to open
- Payment accounts — cash-in-hand, each bank balance, UPI/wallet.
- Customers — what each already owes you (their udhaar).
- Suppliers — what you already owe each of them.
How Storeflea keeps it balanced
Double-entry books must balance even at the start. Storeflea posts the offset to a standard "Difference in Opening Balances" ledger (a Tally convention). As you enter each opening figure, this account absorbs the other side, so your Trial Balance ties out immediately — no manual balancing act.
Get it right once
Opening balances are the foundation every later report stands on. Take the time to enter accurate figures as of a clean start date (often the 1st of a month or financial year). After that, day-to-day billing and payments keep everything current automatically.
If you're migrating full historical books from Tally, that's a separate import — see Tally import (planned). Opening balances are the quick, practical way to start correctly today.
Frequently asked
I already have cash, customer dues and supplier bills. How do I start Storeflea correctly?
Enter opening balances: your cash/bank/UPI balances, what each customer owes you, and what you owe each supplier, as of your start date. Storeflea balances the entries through a Difference in Opening Balances ledger, so your books are accurate from day one.
What is 'Difference in Opening Balances' in Storeflea?
It's a standard Tally-style ledger that absorbs the balancing side while you enter opening figures for accounts, customers and suppliers. It ensures your Trial Balance stays balanced as you set up.