Opening Balance for Customers/Vendors

When migrating from another accounting solution to Erpisto, you may be carrying over your customer or vendor balances.

Opening balances for your customers and vendors #

One of the following methods can be used to enter the opening balance for your customers/vendors:

• Import customers/vendors along with their opening balances in the Customers/Vendors module.

• Enter balances for new customers/vendors in the Other Details section of the customer creation page.

• Enter balances for existing customers in the Outstanding Receivables and for existing vendors in the Outstanding Payables section on the Overview page.

In case you would like to view/update the opening balance entered:

• Navigate to the customer/vendor information page.
• You can see Outstanding Receivables for customers and Outstanding Payables for vendors on the Overview page.
• Update the Opening Balance by clicking Update and entering the new value.