How can I enter debit opening balance to customers so that it should be enlisted in customers statement.
There are two types of opening balances customers can have. They can have outstanding invoices (debit) or advance payment (credit). To set opening balances for outstanding invoices, simply enter those unpaid invoices under
Sales invoices tab.
I’m starting learn about double-entry accounting.
I have a suggestion for entering opening balances for customers or suppliers.
When you go to
Opening balances section under
Settings, there is only
Customers advance payments under liabilities.
It should also allow to set opening balance for accounts receivable.
When entering opening balance for accounts receivable, the opening balance amount is not enough. You need to enter all unpaid invoices under
Sales invoices tab otherwise reports such as
Aged receivables or
Customer statement will be broken.
The sum of all unpaid invoices dated before
Start date will appear as opening balance of
Accounts receivable account.
Hello, i just want to move my customer from one accounting software to Manager, how will i enter their debit balance?
Good software and very flexible…thanks for the good work.
Many thank lubos.
I am new on this manager. I do not understand how can I put customer opening balance debit. customer balance is my Account receivable but there is no option to maintain this. can you please help me out here?
Did you read the Guide: