How to create a new Supplier to whom we have already paid amount in advance?
If we create a new Supplier and edit the opening balance and enter the amount, it decreases account payables while increase misc. expenses. But I have paid the supplier in the previous fiscal year and I started to maintain solar accounts from this month. How to create a new Supplier who's beginning balance is in negative term e.g -25000 against no entry.
Hi Mirza,
Create a supplier with zero balance, then create a Money Paid Out transaction dated in the previous financial year with the Type set to 'Advance Payment'.
Regards
