Do you have pre-conversion sales or customer deposits?

Learn more about entering customer opening balances and historical sales and entering pre-conversion deposits.

This account represents the amount you owe your suppliers.

To enter this opening balance:

1. Go to the Setup menu and choose Balances then choose Account Opening Balances. The Account Opening Balances window is displayed.
2. Locate the Trade Creditors account, then in the Opening Balance column enter the sum total of what you owe your suppliers as at the time you began to keep your records using AccountRight.
   Here's our example:
   
3. Click OK. 

Entering the purchases you haven't yet paid for will allow you to record payments against them in AccountRight.

To do this:

1. Go to the Setup menu and choose Balances then choose Supplier Balances. The Supplier Balances window is displayed. Notice there is an Out of Balance Amount as you need to enter your historical purchases to match the value of your Trade Creditors account.
   
2. Click Add Purchase. The Historical Purchase window is displayed.
3. Select the applicable supplier and enter the details of the purchase. Here's our example:
   
4. Click Record.
5. (Australia only) Click OK to the alert regarding cash reporting.
   
6. Repeat steps 2 - 5 for all your pre-conversion purchases. When the total of your outstanding bills equals the balance of your Trade Creditors account, you're done!