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I want to setup initial balances for a company, at a specific date. 

Which are my steps ?

Is it a problem if some subsequently records were already introduced?

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Use opening entries journal and opening period to set up initial balances. Opening period has equal starting and ending date which is the first date of your fiscal year. Use the same date for your journal. That's it. If you look at the balance of the year, include also the opening period to see the balance of the whole year.

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You can watch the Romanian developments on :

https://github.com/odoo-romania

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