Opening Balance: Lump sum exceeds member opening balance

Hi all,

Continuing on with this week’s theme of opening balances, we’ve put up another article that deals with the common scenario where you might be entering opening balances for a fund and the lump sum payment exceeds the member’s actual opening balance.

To get around this, all you’ll need to do is:

  1. Add the lump sum payment amount to the members balance
  2. Record the lump sum payment as usual
  3. Edit the transaction in step 1 to be the member’s actual opening balance

Here’s the link for the help article with a worked example and more details:

Any questions, please feel free to ask below

1 Like