If I post an Invoice to a Customer, will it not automatically increase the sales revenue and the Accounts Receivable? This will not be correct because the Accounts receivable balance would have been correct when I opened imported (or put the opening balance) in the A/R accouht.
Let me ask another question which will maybe make the question clearer.
WHen I sell something on account, I presume that the Sales revenue increases and the Accounts Receable account increases. How does one keep track of the outstanding Accounts Receivable? I would presume this is done by a subledhger. IS this n