I have setup a Sage account for a company with opening balances in the A/P and A/R. How do I receive or make payments that will offset with the opening balances?
Thanks in advance.
Hi Rock1234
Depending on how the opening balance was entered, I will provide you with this article, which covers all steps
How to settle a customer or vendor opening balance in Accounting?
I hope this helps.
Thank you very much, I just figured it out when you sent this. Thank you for the help though.
*Community Hub is the new name for Sage City