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Opening balance for existing supplier


I would like to ask about opening balance for existing suppliers.
I’ve seen that this feature is available when I’m creating the new one.

How about the current one? I have created supplier, recorded a few transactions - then found out about his negative balance. How can I record this information?



Hello @macuser

To create an outstanding balance for a supplier (e.g. you owe them), what the system does is creates an invoice with a description such as “Opening Balance for Supplier X”, and date it before your financial period.

So for example, if you’ve started using QuickFile on the 1st April 2018, date the invoice for sometime in March 2018 - this moves it prior to your reports like P&L.


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