I have recently joined QuickFile and left QuickBooks. I had outstanding invoices from my old system. I have now received the payment for them. How would I log them, without “double counting” them in the company’s income? I uploaded a trial balance from QB. TIA
You can create one Dummy customer and supplier representing total opening debtors and creditors, input total opening balances and in TB debit sales instead of Debtors and credit purchases instead of creditors. On same rule you can create full list of opening debtors and creditors if you like
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