How to make payment or receive money towards opening balance?

The opening balances for Customers or Vendors can be adjusted via Journal Vouchers. Kindly go to Add New Accounting > Journal Voucher Window >Record

1. Receiving money from customer against opening balance:

When you receive money from your customer against the Opening Balance, you need to debit Cash / Bank Account and Credit the customer account.

Receiving money from customer against the Opening Balance



2. Making payment to vendors against opening balance:

When you make payment to your vendor against the Opening Balance, you need to debit Vendor and Credit the Cash / Bank Account.

Making payment to Vendor against the Opening Balance



In this way you can adjust the opening balance of customers and vendors.

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