accounts payable opening balances setup in Reckon One

Marilyn_10729322
Marilyn_10729322 Member Posts: 2 ✭
edited June 2020 in Reckon One
accounts payable opening balances setup in Reckon One

Hi, I'm unable to find information on how to correctly bring in the opening accounts payable balances into Reckon one? I understand the process is to do a journal entry against opening balance equity however this doesn't bring in the balance to each of the suppliers to allocate the payments to?

Can you please help?

Comments

  • LyndaC
    LyndaC Member Posts: 55 ✭
    edited June 2020
    Hi

    My suggestion for this would be to raise invoices for all your accounts payable as per your opening balances

    You will need to adjust this figure in the opening balance journal you have done to equity.

    Lynda
  • Marilyn_10729322
    Marilyn_10729322 Member Posts: 2 ✭
    edited June 2020
    Hi Lynda, Thank you for your reply. I did end up doing it this way after having no luck finding any information on the Reckon site.  

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