• Registered: 07/30/2012
  • Posts: 17

Topic: Entering previous financial period data?

Hi,

I'm trying to enter the previous financial period's data into FA and there is a problem with the scenario at our company.

We have many invoices for each customer and we usually raise a bill which consists of multiple invoices. For example, Bill 1 is a comprehensive value of Invoice 1, Invoice 2 and Invoice 3.

How to enter this in FA? I know, we can enter invoice data using Direct Invoices, but here we are using Bills and customers pay us against bills.

Thanks,
Mahesh

  • Registered: 07/30/2012
  • Posts: 17

Re: Entering previous financial period data?

I have another thought here.

Can I just create an Inventory Item "Services" and will select that for each customer? That will be my Bill amount rather than Invoice amounts.

Thanks,
Mahesh

  • joe
  • Administrator
  • Offline
  • Registered: 03/15/2007
  • Posts: 5,107

Re: Entering previous financial period data?

Yes, I guess this is your solution.

/Joe

  • Registered: 07/30/2012
  • Posts: 17

Re: Entering previous financial period data?

Thanks Joe.

  • Registered: 07/30/2012
  • Posts: 17

Re: Entering previous financial period data?

Joe,

Or, can I just use Bank Account Deposit Entry for Customer payments and Bank Account Payment Entry for Payables? These options are in Banking and GL as Deposits and Payments.

Thanks,
Mahesh