Opening balance of a vendor as refundable deposit

We have some opening balances with Vendors which are like refundable deposits. Is there a way to link the starting balance to Refundable Deposits as COA items under Assets.

Hi @SaiKiranch,

I’m not sure what you mean by linking here.

If you want the said balance to offset future invoices, just keep it as a starting credit for the Supplier following this guide: Set starting balances for suppliers | Manager

If you don’t want it to be offset against invoices, you can use Special Accounts following this guide: Avoid automatic credit allocations with special accounts | Manager

If you have already done one of these method and want to switch to the other, you can simply transfer the amount using Journal Entries

Will do this. Journal entry seems to be the easiest option.

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