Your list of accounts is out of balance if a non-zero amount appears in the "Amount left to be allocated" field at the bottom of the Enter your opening balances window. There are several reasons why your accounts may be out of balance:
Review the amounts on the report you've complied from your previous accounting system and compare them with the amounts you're entered in the Enter your opening balances window to be completely sure you've entered the exact amounts. (To keep accurate financial records, it's important that the total of your asset accounts' opening balances equals the total of your liability and capital accounts' opening balances.)
Enter your account balances as positive numbers. (Don't, for example, enter asset amounts as positive numbers and liability amounts as negative numbers.) Accounting Plus knows whether each account should have a debit or credit balance. Enter a negative amount only if an account has a negative balance.
A non-zero amount is this instance is OK. This amount will be assigned to the Historical Balancing account. When you enter this account's opening balance while you're setting up your items in MYOB Accounting Plus, the amount in the Historical Balancing account will return to zero.
Click the Next button.If you leave a non-zero amount in the"Amount left to be allocated" field, the amount will be assigned to the Historical Balancing account. In traditional accounting terms, assets should always equal liabilities and capital; Accounting Plus doesn't allow unbalanced transactions (transactions whose debit and credit amounts aren't equal) to be recorded, but this account allows you to continue to use Accounting Plus if your beginning balances aren't balanced. If you balance the accounts later, the amount in the Historical Balancing account will return to zero.