Hi Our electricity company has credited all last year’s bills and issued new ones. Last year’s bills are in Sage. I can’t create my elec company with a negative opening balance. I can’t create a credit note that will sit like a pre-payment on the supplier. If I create a credit note it allocates…

QuickFile does allow you to create an “ad hoc” credit note by creating a purchase with a negative value, but it won’t (directly) allow you to hold this as credit on account for use against future purchases. However you can do it indirectly: Create a negative-value purchase and refund it to a dumm…

QFBeth 30 October 2019 14:57 3

I have also found this posted previously. You may find it useful: Credit balance on supplier account

Credit Note opening balance