1.3.2: How to Post Opening Balances for Suppliers.

How to post opening balances for suppliers.

Step 1. Click on the Accounting menu item as shown below.



Step 2. In the accounting page that opens up click on accounting.
Step 3. Click on journal entries and fill in the details of your suppliers as shown below.
 

NB. In this case, we will use the same journal created earlier named “Opening balance”.  In charts of account, we will use the previous formed charts of account called Opening balance.

Below is a list of suppliers to be posted in our journal entries.

Step 4. In the journal entries, fill first the total summation of the amount you owe your suppliers,
Step 5. Then fill in each individual supplier as shown below.
Step 6. When you have posted all suppliers, click on save and post button as shown below. 

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