Home » Categories » 03. Shop Mgmt Enterprise

Entering Account Payable Opening Balances

 

Entering Account Payable Opening Balances

Discussion

Entries for Payable Opening Balances can be entered at any time after your Go Live date. Depending on the accuracy of your Payable account information, choose from the 2 options below for entries.

a.If your current Account Payable information is up to date andaccurate, prepare a listing of current account balances using the date prior to your Go Live date and use this information for Payable Opening Balance entries.

b.If your current Account Payable information is not up to date and accurate, wait for the Payable Statements to arrive and use the statement balances for Payable Opening Balance entries.

Follow these steps to enter the Payable Opening Balances.

1.From the General Ledger Manager, select "GL Adjustments" @ top left.

2.Set the Date prior to your Go Live date, and set the Time to End Of Day.

0 (0)
Article Rating (No Votes)
Rate this article
  • Icon PDFExport to PDF
  • Icon MS-WordExport to MS Word
Attachments Attachments
There are no attachments for this article.
Comments Comments
Related Articles RSS Feed
Consignment Material In M1 Enterprise
Viewed 6746 times since Thu, Mar 24, 2011
Entering Account Receivable Opening Balances
Viewed 1798 times since Thu, Mar 24, 2011
Entering Bank Accounts Opening Balances
Viewed 1194 times since Thu, Mar 24, 2011
Entering Return Goods Opening Balances
Viewed 1932 times since Thu, Mar 24, 2011
Go Live Checklist
Viewed 2935 times since Thu, Mar 24, 2011
Enterprise Speed Explained
Viewed 7318 times since Thu, Mar 31, 2011
SMTP Mail Server Setup
Viewed 1952 times since Mon, May 23, 2011
Employee Pay Back
Viewed 1211 times since Wed, May 11, 2011
Early Payment Discounts - Supplier discounts - 2/10 Net 30
Viewed 7593 times since Thu, May 12, 2011
Ports
Viewed 7048 times since Wed, Jun 15, 2011