FrontAccounting forum — Suppliers Beginning Balance

Re: Suppliers Beginning Balance

null@example.com (apmuthu) — Thu, 28 Jan 2016 14:06:15 +0000

Start with the active fiscal year being previous year. Enter the closing balances in a single Journal Voucher on the last date of the fiscal year. Now create the current fiscal year and make it the active fiscal year, closing the previous fiscal year. All opening balances will arrive correctly.

Re: Suppliers Beginning Balance

null@example.com (Marc) — Thu, 28 Jan 2016 05:33:17 +0000

This is a Company who used for the first time this software and without previous year will carry forward

Re: Suppliers Beginning Balance

null@example.com (apmuthu) — Wed, 27 Jan 2016 19:12:11 +0000

Closing the previous year will carry forward the balances into the next year automatically.

Suppliers Beginning Balance

null@example.com (Marc) — Wed, 27 Jan 2016 03:33:01 +0000

Need help,

How to set up supplier beginning balance for the start of the year in the supplier/purchases module without creating a journal entry.

As a new company we created a summary of journal entries with the balance sheet beginning balance for prior year. If we put a supplier invoices beginning supplier/purchases module and if this will create a journal entry then it will double our payable since we have already that record in the beginning of the year summary of journal entries.