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?

• 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

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.

GL shape per row

For AR (positive opening):
  Dr 1050 Accounts Receivable    <home equivalent>
     Cr 3001 OBE                  <home equivalent>

For AP (negative opening):
  Dr 3001 OBE                     <home equivalent>
     Cr 2000 Accounts Payable     <home equivalent>

Each row is tagged with the counterparty so AR/AP aging reports break down correctly from day one.

Duplicate detection

Совет

Re-uploading the same Excel file creates duplicates because the platform dedupes by code, not by name. The wizard shows a warning card listing rows whose name already exists in your counterparty list — review and edit before committing.

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

• Step 2: Vaults
• Step 4: Cars
• Counterparty taxonomy — what each category routes to