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Post Info TOPIC: opening balance in supplier account on sage line 50 2012
salman


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opening balance in supplier account on sage line 50 2012
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hi,,

can anyone tell me , if it is possible to post apening balance in the supplier account once it has been created and invoices has been posted to it.



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salman
Helz


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Yes it is.

HTH

Helen

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salman


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thanks, but does it go to opening balance by by default(when you put that in opening balance) or you ve to right a description with it like opening balance.

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salman
murshad


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yes it is 



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murshad
Donna CBK


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You can enter the opening balance either as one lump sum or using each individual invoice/credit to ensure a history and ability to pay any suppliers at the right time.
Dont forget you will require to make an adjustment in the nominal ledger afterwards as it will be "dumped" to 9998 suspense a/c and any VAT reclaim will not be allowed for.

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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900

Payroll & bookkeeping solutions - info@completebookkeeping.co.uk

www.completebookkeeping.co.uk

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