Project 4

Training Room 5: Posting the Opening Entry

Training Room 5 Introduction

Suggested Time: 160 Minutes

The last step in setting up an accounting system is to post the opening entry. 

A rubber stamp is often the symbol or graphic used in accounting software packages meaning “to post.” Posting is the last step, so you are stamping that the work is finished. Accounting software will do this automatically for you. However, whether or not you are using a software package, it is important that you understand what posting is all about. This understanding will equip you with the knowledge to correct errors and interpret the data in the ledger.