Hi,
To setup enter AP opening balances in previous versions, a SETUP bank account had to be created to enter to outstanding payments. Hows is this done in new sage versions.
Hi,
To setup enter AP opening balances in previous versions, a SETUP bank account had to be created to enter to outstanding payments. Hows is this done in new sage versions.
No different, and not necessary in the first place. SETUP doesn't mean anything, it could be ABC or XYZ.
what is the correct procedure to migrate AP cash transactions and perform initial bank rec?
what is the correct procedure to migrate AP cash transactions and perform initial bank rec?
Import Bank Entries
so the outstanding payment entries do not need to be entered in AP payment batch?
No, only if you expect to need to reverse them, which would reopen the original AP invoice.
*Community Hub is the new name for Sage City