Forum Message

Supplier balance brought forward

Please tell me how, I will create a balance b/fwd to an existing supplier?

Thank you in advance


Posted by Kyriacou Kyriacos on Dec 4, 2010 7:10 AM GMT

Hello Kyriacou,

To create a supplier with an outstanding balance, just create a new Purchase Invoices for the balance amount dated in the previous financial period. A quick way to do this is to click menu File > New > Supplier, then click the 'Edit Balance' link.

Regards,


Posted by Mark McLaren (Solar Accounts) on Dec 5, 2010 3:22 PM GMT

Thank you for your help.
I made what you said to me and the opening amounts of the suppliers is shown as a Balancing amount in the Trial Balance. What I would do in order the opening balances of the suppliers dont affect the Balancing amount and the current Year?

Thank you in advance.


Posted by Kyriacou Kyriacos on Dec 7, 2010 11:00 AM GMT

Hi Kyriacou,

If you increase the opening balance of one of the other Equity accounts it will automatically decrease the Balancing Account. For example, if the Balancing Account is £100, then increasing the 'Owners Capital' account by £100 will reduce the Balancing Account to zero.

See this page for more details about the balancing account:
http://www.solaraccounts.co.uk/forum/topic.php?TopicId=314&Posts=1

Regards,


Posted by Mark McLaren (Solar Accounts) on Dec 7, 2010 12:09 PM GMT

Hi,
I have done whatever you told me and finally it works.

Thank you very much.


Posted by Kyriacos Kyriacou on Dec 9, 2010 3:36 PM GMT

Glad to hear that!


Posted by Mark McLaren (Solar Accounts) on Dec 9, 2010 4:59 PM GMT