Special treatment is required for some accounts

The Current Year Earnings, Retained Earnings and Main Inventory Asset accounts require some "special treatment" when you're entering opening balances:

Current Year Earnings One of your most vital accounts is the equity account named Current Year Earnings. The balance of this account is calculated automatically during the course of your normal AccountEdge business activity. Although this account doesn't appear in the Account Opening Balances window, don't worry -- it does exist! Since AccountEdge calculates the balance of this account automatically, you can't enter an opening balance for it.

If your conversion month is the first month of your fiscal year, the opening balance of your Current Year Earnings account will be zero. This indicates that your company hasn't acquired any income in the current year because the year has just begun.

Retained Earnings If you've just begun using AccountEdge, enter your company's entire previous year's earnings as the opening balance of your Retained Earnings account.

Main inventory asset account If you plan to use AccountEdge's inventory features, don't enter an opening balance for the account you intend to use to track the value of your company's inventoried items. You'll enter this account's opening balance when you set up your items. (Creating items)