accounts payable opening balances setup in Reckon One

Marilyn_10729322
Member Posts: 2 ✭
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?
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?
0
Comments
-
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.
Lynda0 -
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.0
Categories
- All Categories
- 6.7K Accounts Hosted
- 5.9K Reckon Accounts (Desktop)
- 3.2K Reckon One
- 135 Reckon Payroll Upgrade for Reckon One 🚀
- 10 Reckon Invoices App
- 938 Reckon Payroll App & Web
- 21 Payroll App - Help Videos
- 18 Reckon Mate App
- 14 Reckon Insights
- 107 Reckon API
- 948 Payroll Premier
- 116 Payroll Premier upgrade to Reckon Payroll ⤴️
- 325 Point of Sale
- 1.9K Personal Plus and Home & Business
- 68 About Reckon Community