If you are transitioning your accounting to SimplBooks and have outstanding receivables or payables from the previous period, their total amounts will be recorded in the initial balance entries.
No entries will be created for documents added before the date of the initial balance entry.
Finally, check that everything has been entered correctly. The reports in the menu will be helpful:
- Sales Ledger – balance of uncollected sales invoices and customer prepayments
- Purchase Ledger – payables to suppliers and made prepayments
- Reporting Persons – payables to reporting persons and prepayments made to them
If you have any additional questions, please write to us at support@simplbooks.ee
Leave A Comment?