1.3.1: How to Post Opening Balance of Customers.3 Views •
1.3.2: How to Post Opening Balances for Suppliers.3 Views •
1.5.4: How to Record Cash Transactions and Reconcile Journal Entries.3 Views •
1.6.2: How to View Tax Report.2 Views •
1.4: How to Create Bank Account2 Views •
1.5.3.How to Reconcile Journal Entries.2 Views •
1.5.2 How to Record Transactions and Reconcile Journal Entries.2 Views •
1.5: How to Create a Bank Statement.2 Views •
1.4.1: How to Create Bank Opening Balance.1 Views •
1.5.1: How to Record Transactions in a Bank Statement.1 Views •
1.1: How to Create a Journal.1 Views •
1.2: How to Create a Chart of Accounts.1 Views •
Overview1 Views •
1.3: How to Create Journal Entries.1 Views •
8.1: How to Generate a Pay Slip for a Single Employee.0 Views •
Overview0 Views •
4.2: How to Create a Sales Return.0 Views •
4.1.3: How to Create a Credit Note.0 Views •
3.6.1 Receipts0 Views •
2.4.2: How to Register Payments.0 Views •
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.