Bring an existing loan into the book at a cutover date
Start from an explicit opening position without inventing prior transactions or duplicating historical cash advances.
Prepare the cutover balances
Agree one effective cutover date and separately establish unpaid cash principal, capitalised interest, due interest, accrued-not-due interest and charges. Keep the supporting historical records outside the new opening entry.
Use the dedicated opening operation
For an enabled owner account, open Advanced operations and choose Import opening balances. Select the existing borrower, lender and currency, then enter the supported agreement and opening fields.
Do not recreate an earlier disbursement
An opening balance describes the position at cutover. It does not invent pre-cutover history or a historical bank transfer. Do not also enter the same principal as a new cash advance.
Check supported terms and precision
Cash principal must be positive for the current opening workflow. Use supported rate/time combinations and exact currency precision. Unsupported cutover cases should not be forced into a different financial operation.
Review and verify the opening position
Review each component and effective date, authenticate if requested, confirm and reload. Reconcile the saved opening statement with the independently prepared cutover figures before recording later movements.
Check your result
- The cutover date and all components match the source records.
- The opening position is not also entered as new cash.
- No earlier transaction history is presented as reconstructed.