Opening Balances Debtors and Creditors

[QFMathew]

Apologies - my misunderstanding!

You would typically enter a prepayment for that client that predates your bank opening balance, and then need to adjust the same amount out of the opening balance of the opening balance (for it to balance).

This post may be of some help:

Adding a credit to a supplier from previous accounts

You would typically enter the prepayment for that supplier so that it predates your bank opening balance. You would then need to adjust this amount out out the opening balance in the bank settings. e.g. You are setting your bank opening balances on QF for 1/12/2015, your current account open balance is £1000. At this point in time you have a credit balance with Ecotricity for £100. You would then enter a debit on your bank for £100 on 30/11/2015 (one day before the OB), then adjust the Openin…