Xero – Add Opening Balance to Bank Account, Credit Card, PayPal

After setting up a bank account, credit card or PayPal account in Xero, you may need to add the opening balance of the account before importing the transactions.

There are several ways of adding an opening balance to a finance product in Xero and the method you choose depends on how the finance product was initially funded.

Check out our comprehensive video that walks you through each method.

By the end of the video, you will know how to add an opening balance to your bank account, credit card, PayPay account or any other finance product in Xero.

If you would like to learn more about Xero, check out our massive Xero Australia Course Bundle and our YouTube channel.

Disclaimer: Our articles and videos are here to inform you and the information provided does not constitute financial, taxation, legal, business or other professional advice and should not be relied upon as such. See our full disclaimer here.