Eröffnungsbilanz (EN)

Eröffnungsbilanz

The opening balance sheet is created at the beginning of a fiscal year and contains all assets and liabilities from the previous year. It serves as the starting point for the bookkeeping of the new fiscal year and forms the basis for opening the accounts. The opening balance sheet must always be balanced, with the assets corresponding to the liabilities. It is a central document for the start of the new fiscal year and the continuation of bookkeeping.

In Context

• Typically created together with the closing balance sheet of the previous year
• Related to: Balance sheet, Bookkeeping, Chart of accounts
• Example use: A company creates an opening balance sheet on January 1, 2023, which takes over all values from the closing balance sheet of December 31, 2022