We are looking to start entering our credit card purchases into Sage. I've got the account set up correctly and the reconciliation started. The problem I am having is what I enter for the opening balance.

Our statement runs from the 15th to the 16th of each month. The previous month's payment comes out on the 9th. ie: Dec 15-Jan 16th the Nov 15-Dec 14 payment comes out on Jan 9th. 

Would I start with the opening balance as the amount due from the previous month and the statement end balance as what is due on the current month?