Special treatment is required for some accounts

The Current Year Earnings and Retained Earnings 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 incremented automatically during the course of your normal FirstEdge business activity. Although this account doesn't appear in the Account Opening Balances window, don't worry -- it does exist! Since FirstEdge 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 FirstEdge, enter your company's entire previous year's earnings as the opening balance of your Retained Earnings account.