Hi All,
Just Direct to the point of my problem. As i know, if we want to input opening balance for AP (vendor card) :
1. Go to Purchase Journal menu
2. Choose option INVOICE in field Invoice
3. Choose option VENDOR in field ACCOUNT TYPE
4. Choose the Vendor
5. Choose option G/L Account in field BAL. ACCOUNT TYPE
6. Choose the COA with the same COA which put in Vendor Posting Group
If we post this transaction, it will hit the journal :
[D] AP
[C] AP
of course with the same amount, so, if we back look in the Vendor Card | tab General | Field Balance (LCY) | Click assist button, it will show 1 invoice that we posted before.
My question is :
It's OK with this way to create opening balance for vendor in vendor card because it unchanged the balance of COA AP (zero). But my point is how should i do if i want to create opening balance vendor without CREATING A JOURNAL or DO POSTING but the result is, having invoice in Vendor Card | tab General | Field Balance (LCY)?
And the reason why i ask this? because my assume is Opening Balance just direct to the vendor invoice, no need create journal.
Any advise?
Thanks.
0
Comments
You need to do a journal to get the double entry correct
[D] Retained Earning
[C] AP
Andwian
Then post a general journal to reverse the entries if you do not need them in g/l.
This way you can put descriptions on the reversing entries explaining why they were reversed.
The maintains a clear audit trail.