How do I post opening balances?
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Summary
The following article explains how you post opening balances on your sales and purchase ledgers.
More Information
If you are new to Platinum, and you have our accounts package, you will need to post on your opening balances for your customers and suppliers. They get posted on as a single balance per customer and supplier.
 | If you are Cash Accounting for V.A.T. please see this article for posting opening balances. |
Posting Opening Balances
- Go to " Purchase Ledger/Sales Ledger Purchase/Sales 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 in the value of the opening balance.
- Click [Done] and 'Accept' to save the posting.
See Also
