User Options - Opening Balances
Follow the process below if you have customers and suppliers with an open account balance.
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Click Setup >> User Options >> Opening Balances.
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Select whether the account is Sales or Purchase >> enter the Account Number >> Reference number >> Balance amount.
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Sales: Marks this as a customer account. This is what the customer will owe the shop.
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Purchase: Marks this as a supplier account. This is what the shop will owe the supplier.
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Account Number: The Customer ID or Supplier ID of the account. Enter this ID, or use the search options next to the field.
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Reference: This identifies the transaction. This will show as Ref in various reports.
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Balance: The dollar amount of the Opening Balance.
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Click Add.
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Confirm all information >> click Post.
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Notes:
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Once a Opening Balance is posted, it cannot be removed.
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If the information is incorrect, click the red X to delete the Opening Balance before it is posted, then create a new entry.
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Click OK.
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Click OK.
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The Opening Balance information will now be included in the relevant reports.
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