Topic: Opening Balances for Advances to Shareholders
Hi,
I inherited a set of management account from previous owner of this company.
I noticed that the shareholders owes the company a sum of amount that has been carried forward from 2017. I am in the midst of reconciling this entry into Front Accounting system.
My question would be, how do I create an entry for advances to shareholders, and create an opening balance for this entry to be carried forward in 2018?
Thank you.