Summary
When setting up your Platinum system, you may wish to enter an Opening Balance for each of your Customers and Suppliers. If you make a mistake, you can correct it by posting an adjustment.
More Information
- Go into " Systems\Accounts Sales Ledger\Purchase Ledger Maintenance Options Adjustments".
- At "Customer/Supplier:", enter the code for the Customer or Supplier to which the Opening Balance relates.
- Press <CR> to list all transactions.
- Find the Opening Balance transaction and make sure the arrow is pointing at it.
- Press [A] to Adjust.
- Enter the date for the adjustment.
| If this is a late adjustment and you have already closed the month to which it relates, post it with a date of the 1st of the next month you are going to close. |
- Enter a comment, e.g. 'CORRECTION' (max 15 characters).
- Press <CR> to move to the "Total Amount" field.
- Enter the amount to adjust by, entering the minus sign if this is a negative adjustment.
| Take care to post the adjustment the correct way round. See the examples below for assistance. |
| If a £500 Invoice Opening Balance should have been a £400 Invoice Opening Balance, you would enter -100.00 as the value to adjust by. |
| If a £500 Invoice Opening Balance should have been a £400 Credit Opening Balance, you would enter -900.00 as the value to adjust by. |
| If a £100 Credit Opening Balance should have been a £300 Invoice Opening Balance, you would enter 400.00 as the value to adjust by. |
- The "Centre" should be 'Z995 - Profit to Date'.
- Press <Esc> and [Accept] to save the adjustment.
See also
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Opening balance, Correct, Correction, Incorrect, Adjust, Adjustment, Reverse, Reversal, Opening Balances
