# Transferring Opening Balances Naturally the new year must have opening balances that equate to the closing balances of the previous year. The first step in achieving this is for Acumen to transfer the balance sheet ledger balances to the new year. This is easily done for those ledgers that are account items bound to the balance sheet. Acumen creates a ledger in the new year and puts the current balance into the new ledgers opening balance. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://guide.acumensystems.com.au/system-parts/general-ledger/end-of-month/end-of-year/transferring-opening-balances.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.