3. Counterparties
This step is trade-only — suppliers and buyers. Equity holders (owners, investors) come later in Step 7; don’t enter them here.
Inline grid or Excel?
Section titled “Inline grid or Excel?”- Inline grid — good for under ~50 counterparties. Open Add → Counterparties grid. Paste tab-separated values from a spreadsheet directly into the grid; the platform parses each row.
- Excel template — download, fill, upload. Best for >50 counterparties or multi-currency openings per counterparty.
What each row needs
Section titled “What each row needs”| Column | Notes |
|---|---|
| Name | The counterparty’s display name. |
| Code | Optional human code; auto-generated if blank. |
| Kind | Always “Trade Partner” in this step. |
| Category | Supplier / Buyer / Bank / etc. — picks default AR/AP routing. |
| OB currency | Currency of the opening balance. |
| Direction | They owe us (AR) / We owe them (AP). |
| OB amount | Native amount. |
What happens on save
Section titled “What happens on save”A positive opening balance (they owe us) becomes a receivable against that counterparty; a negative one (we owe them) becomes a payable. Either way, the home-currency equivalent is booked against the Opening Balance Equity bucket you’ll reclassify in Step 7 — see How your money flows.
Each row is tagged with the counterparty so AR/AP aging reports break down correctly from day one.
Duplicate detection
Section titled “Duplicate detection”Multi-currency counterparties
Section titled “Multi-currency counterparties”A single counterparty can owe you USD and you owe them KRW. The Excel template supports one openingBalance_<CCY> column per active currency. The inline grid is one-currency-per-row; if you need multi, switch to Excel.
Related
Section titled “Related”- Step 2: Vaults
- Step 4: Cars
- Counterparty taxonomy — what each category routes to