I don't follow.  The message says the opening balance account *** does not match the starting outstanding amount entered for all outstanding vendor invoices.

Just because you have not entered any vendors doesn't mean you didn't put a balance in the linked Accounts Payable balance sheet account as an opening balance.  If you did then the balance of all amounts owing to zero vendors is $0.00 which would not balance with the amount you put in the Accounts Payable account.

You need to check this opening balance in account ****.  You can find the linked account for payables under Setup, Settings, Linked Accounts.  If you had no money owing to any vendors when you started using Sage 50, then the balance of this account should be zero.

Hi Richard,

Sorry if I did not explain it correctly I am that new lol.  This was the first year I entered anything for this new company. Everything balanced at the year end TB, but when I try to start the new fiscal I get that note.  I followed your instructions to check the opening balance in account****. I clicked ok on this option:

3560 Retained Earnings - Beginning Year

and I had checked marked the box that said record opening balances in my retained earnings account

When I clicked ok it didnt do anything that I could see

But what is in the Opening Balance box on the Chart of Accounts ledger for Retained Earnings.  Based on your explanation, my assumptions are: the company was new in this first year of using Sage 50, the company did not operate prior to using Sage 50 eg. you started using Sage 50 prior to your first purchase or sale.

You just started the company and got to your first year end but cannot go any further.  Therefore at the start of your company when you entered any opening balances, the balance of Retained Earnings by definition should be zero.  Retained Earnings is the cumulative profit of the company up to the year prior to the current year.  Because the company didn't exist prior to the current year, it should be zero.  But if the company did not exist prior to using Sage 50 then all accounts should have a zero opening balance.

You can see all opening balances for all account under Setup, Setup Guide, Accounts.  If any are non-zero, you need to figure out why (unless my assumptions are incorrect).