How do I post opening balances?
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Summary
The following article explains how to post opening balances on your Sales Ledger and Purchase Ledger.
More Information
If you are new to Platinum, and you have our accounts package, you will need to post on opening balances for your customers and suppliers. They get posted on as a single outstanding balance for each customer and supplier.
 | If you are Cash Accounting for V.A.T., please see this article for posting opening balances. |
Posting Opening Balances
To avoid duplication, we will use the Purchase Ledger as the ledger, but the process is the same for both.
- Go to " Purchase Ledger Purchase Ledger Postings".
- At "Doc. type", choose 'Opening balance'.
- At "Supplier:", enter in the Supplier's account code, or search for the supplier.
- At "Date", enter the start of the month that you started using Platinum for your accounts.
- At "Comment", enter 'OB' for opening balance and <Enter>
| This drops you straight down to the "Totals" field. |
- Enter the value of the opening balance.
- Click [Done] and 'Accept' to save the posting.
See also
