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An opening balance is a method of placing WIP time and expenses onto a client's account. It is often used to post to a new client to provide a starting WIP balance ready for timesheet postings.
Click here for the help topic for posting an Opening Balance.
General Adjustment
A general adjustment is a flexible way of posting WIP and expenses to a clients account. It is often used the adjust client account balances and to transfer WIP from one client to another.
Click here for the help topic for posting a General Adjustment