Record a customer's beginning balance
If you're setting up a new record for a customer who has an established balance with the client, you can record the historical amounts that comprise customer's balance as the beginning balance amount.
- SelectSetup, thenCustomers.
- Select theAccounts Receivabletab.
- In the Beginning Balance section, select the ellipsis next to theAmountfield.
- In the grid in theBeginning Balancewindow, enter the reference number, date, PO number, AR account, and amount for each of the customer's receivables. As you enter the amount, Accounting CS sums the amounts and displays the total amount as the Customer balance below the grid.noteIf you enter a positive amount, the application creates an invoice; if you enter a negative amount, it creates a credit memo.
- SelectOKto close theBeginning Balancewindow.
- Accounting CS displays the customer balance amount in theAmountfield in the Beginning Balance section.
note
The application doesn't post historical (beginning balance) items to the general ledger. However, these items are available for AR reports.
