I’m very new to this software and I have few question to be answered.
- I purchased an on going business from someone and he was very not organised. I’m currently following the below in order for me to setup the system in right way.
Whatever stock he has, I updated all under the starting balance under inventory in hand; as no purchase invoices were available and the cost I just estimated.
I paid him an amount of $100000. How do I update this in the system.
In fact I paid him $70000 now and the rest at 30.May.
how can I update this transaction. how can I create an account for him so i can track it later and the same time I can trace the due payment later.
Please correct me for the the first point if I’m wrong.
and guide me for the second point.