video1.0<iframe src="https://www.loom.com/embed/ba7410931bf143ad9fbf5614ab7b9532" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/ba7410931bf143ad9fbf5614ab7b9532-71183c239dfbedfa.gif55.4In this video, I walk you through the final step of our onboarding process, which involves recording opening balances in the VR trust. It’s crucial to accurately capture all components of your opening trust account balance on your go-live date, including advanced deposits, amounts payable or receivable from owners, and any outstanding tax liabilities. Remember, if the recorded amounts exceed your opening trust balance, the account will be overdrawn. Please ensure you follow each step carefully as we discuss how to record these amounts in VR trust.