Please tell me how, I will create a balance b/fwd to an existing supplier?
Thank you in advance
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,
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.
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,
Hi,
I have done whatever you told me and finally it works.
Thank you very much.
Glad to hear that!