home *** CD-ROM | disk | FTP | other *** search
- Payable Opening Balances (Historical Purchases)
-
- Before you can use the Purchases & Payables command center, you must enter
-
- the purchases that make up the balance of your linked payables account. These
-
- are called 'historical purchases' because they occurred prior to setting up the
-
- Purchases & Payables command center.
-
-
-
- Payable Opening Balances are entered in Set Up M.Y.O.B.
-
-
-
- Displayed is a list of your vendors with the historical purchases entered to date.
-
- (If this is the first time you’re entering historical purchases, the list is all
-
- zeros.)
-
-
-
- Click the arrow to the left of a vendor's name to see a detail listing of your
-
- historical purchases.
-
-
-
- The total of your historical purchases must equal the current balance of your
-
- linked payables account before you can use the Purchases & Payables command
-
- center.
-
-
-
- If the balance of your linked payables account is not zero, enter your historical
-
- purchases by clicking Add a Purchase. See the help for Historical Purchases.
-
-
-
- When you’re done entering your historical purchases, click Verify Opening
-
- Balances. M.Y.O.B. checks to see that the balance of your payables account equals
-
- the total of your historical purchases.
-
-
-
- If they don't equal, you must do one of two things: Add, change or delete (choose
-
- Delete Purchase from the Edit menu) your historical purchases OR change the
-
- balance of your linked payables account. For instructions on changing the balance
-
- of your linked payables account, see Set Up Payables in Chapter GS 3 of your User's
-
- Guide.
-
-
-
- ÀáNote:Àá Once you've verified your opening payables balances, this selection changes
-
- to Current Balances.
-
-