Conversion balances: invoices and bills
Enter the invoices, bills and any credit notes that were unpaid in your previous system as at your conversion date so you can save your conversion balances for Accounts Receivable and Accounts Payable.
After you've entered your Accounts Receivable and Accounts Payable balances, enter each:
- Sales invoice or customer credit note with an outstanding balance as at your conversion date.
- Bill or supplier credit note with an outstanding balance as at your conversion date.
Entering these invoices, bills and credit notes means you'll be able to match them to the payments in your bank account, or apply credit to invoices and bills. It will also help ensure your reporting is correct from day 1.