The position on the day of the switch

What each account was carrying on the day this system became the record. Nothing here is invented: an account with no opening is one nobody has told us about — not one that is at zero.

Opening date

Counterparties

Opening recorded

No opening

No accounts registered.

Create the clients, agents or counterparties first. Only then does saying what they were carrying mean anything.

A positive figure means they owe us; negative means we owe them. Same convention as the current account — debit is always in our favour. Each account takes one opening, once.

Opening

The position on the day of the switch

What each account was carrying on the day this system became the record. Nothing here is invented: an account with no opening is one nobody has told us about — not one that is at zero.

Opening date

Counterparties

Opening recorded

No opening

No accounts registered.

Create the clients, agents or counterparties first. Only then does saying what they were carrying mean anything.

A positive figure means they owe us; negative means we owe them. Same convention as the current account — debit is always in our favour. Each account takes one opening, once.