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Importing Opening Balances

If you are changing to FirstOffice from another computer program, it is likely that you will want to import opening balances for all three ledgers from text files created by your old system. If you wish to do this, please follow the import instructions described on the Setting up a Basic Accounts System page to import your text file. This procedure, although described there as one used to import a Chart of Accounts, is in fact an all-encompassing import function which will bring in whatever is in the selected text file and save it in the appropriate place in FirstOffice. For details of the composition of the text files, please refer to your FirstOffice representative. Ensure that they contain opening balances as they were at the beginning of the fiscal year and all subsequent transactions as described in the previous sections.