From the course: MYOB AccountRight Essential Training

Unlock this course with a free trial

Join today to access over 22,400 courses taught by industry experts.

Customer historical balances

Customer historical balances

In a previous video, we entered the account opening balances for Carole's Cleaning as they had been working on a manual book keeping system prior to the commencement of the MYOB AccountRight data file in January 2013. To setup the Sales Opening Balances, we need to enter the historical sales for each customer. Any outstanding sales made before the conversion month of January need to be entered into the system to wait for payment. A total of all the historical sales should be the same as the amount that we entered into the opening balance of the trade debtors account, $3,340. For example, Freddy's Florist spent $250 in December 2012 and still haven't made payment. So, we need to create an historical transaction. Let's go to setup on the Menu bar and come down to balances and across to the customer balances. Notice that the out of balance of $3,340.00 at the bottom of the screen is displayed. We need to make this to 0. Let's nominate Freddie's Flowers by clicking onto the card. It now…

Contents