Hi there, Hopefully I can get this right. Just incorporating my old accounting package into Manager, but have struck a problem. After a few days “looking” have come to the forum for help. How do I bring forward Accounts Payable ( 2 suppliers only) into the new accounting period. I have activated s…

Did you set a start date and enter pre-start-date purchase invoices for these supplies? This is the relevant Guide: Set starting balances for suppliers | Manager . When you pay them, you need to post the line items on the payment to Accounts payable > Supplier > Invoice. If you pay more than one invo…

Hi Tut, I had set start date and tried with pre start date invoices, at the moment the total amount for the invoices is in Suspense. ( P&L account now has the correct balance) Many thanks for that. Please excuse my ignorance, but where do I find Accounts payable > Supplier > Invoice Is it somewhe…

You have a bit of familiarization ahead of you. Start reading the Guides: Guides | Manager . Begin with First Steps, move to Structuring Accounts, then jump to Accounts Payable. Read every Guide that seems relevant. Create yourself a test company to experiment with so you don’t ruin your actual reco…

Hi Tut, Many thanks for your help. However I still don’t seem to be any further ahead after all the ready and trying. The prob maybe, where do I find Starting balances exist only if you are transferring an existing business to Manager from another accounting system. In that case, you may need to s…

Read this thread it may be of some help: [image] Suppliers Starting Balance First of all, Thank you for this great accounting software. I don’t know the question is correct or not as I’m newbie. I’ve entered starting balance in “Accounts payable>Supplier” as usual. But…

[image] Grandpa: I can find starting balances relative to Balance sheet only. Accounts payable is a balance sheet account. Make sure you have read and understood the Guides linked to from the first Guide I sent you above. Overall, there is a general Guide on starting balances and a specific G…

Hi Tut Many thanks, I think I had the A/P correct all along, but was expecting a different result. My P&L account for the current financial year, includes 2 payments which relate to 2 suppliers from the previous financial year, so I was thinking (wrongly) that the entries using Accounts payable…

I believe what may be confusing you now is the difference between cash and accrual based accounting. Manager’s default is accrual, which recognizes income when earned and expenses in the period when the income they apply to is earned. So paying a purchase invoice in the current period that was origi…

Hi guys Many thanks for your help, much appreciated. All sorted. Cheers

Accounts Payable/end of financial period

generalegend January 13, 2020, 9:05am 6

Read this thread it may be of some help:

Topic		Replies	Views
Accounts Payable	7	940	January 18, 2023
How to recover Accounts Payable	23	3070	January 18, 2023
Accounts payable from pre-Manager	7	1291	January 18, 2023
Opening Balance - Suppliers - Need help	3	723	January 18, 2023
Accounts payable	8	1037	January 18, 2023

Accounts Payable/end of financial period

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