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Using Express Accounts for Old businesses


Xpressit

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- Go to 'Customers' window from 'View' menu,

- Select a customer or Add a new customer,

- Click 'Edit' button on toolbar to edit the details of the selected customer,

- Go to 'Info' tab and edit the opening balance to the desired amount,

- Click 'OK'.

 

Similar can be done for a supplier.

 

Also the 'Opening balances' for many accounts can be changed from the 'Chart of Accounts' window.

 

I suggest you should check and verify 'Balance sheet' and 'Income statements' on modifying any opening balances.

 

Hope this helps!

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  • 1 year later...

Great instructions! I am a new user and they are easy to follow! The only part I had difficulties with was entering a value in the 'Oldest date due' and 'last invoice' fields. I am able to select the field but no enter the values. Do you know why?

 

I am using Express accounts Plus 5.04.

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  • 1 year later...

Great instructions! I am a new user and they are easy to follow! The only part I had difficulties with was entering a value in the 'Oldest date due' and 'last invoice' fields. I am able to select the field but no enter the values. Do you know why?

 

I am using Express accounts Plus 5.04.

 

Hi sequill,

 

The fields of Oldest Date Due and Last Invoice are auto-populated fields from the invoices created within the program, these fields are not user editable fields. Until an invoice is created for that customer the data will be shown there.

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know how to set up opening balance for each supplier, however, don't know how to pay the opening balance in A/P, cannot choose to pay for balance owing

 

Hi prfchan,

 

To pay a balance owned to a supplier the best way to go is to submit a a payment using the option 'Immediate payment or purchase' you can select the supplier and the amount. And in the Journal memo you can just specify it is a payment for the Opening balance in the suppliers account.

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