Hi
Where i have a balance for one particular customer from an old year - how do i show this on Solar - initially i have put balances together on accounts receivable, however there has subsequently been payments during the current period which need to offset the balance b/fwd
Hi Martin,
The simplest approach is to set the Accounts Receivable opening balance to zero, then enter any invoices which were outstanding at the start of the financial year. The invoices should be dated in the previous financial year and allocated to the 'Retained Earnings' account. You can then record invoice payments in the current year in the usual way.
Regards,
