Opening Invoice & Supplier Invoice

3.0. Opening Invoice & Supplier Invoice

Opening Invoice & Supplier Invoice

These 2 modules are for entry of Outstanding Documents—documents which are currently making up the balances in Trade Debtors and Trade Creditors accounts, respectively.

Opening Invoice

Assuming if your Trial Balance indicate $50,000 of debtors, this means that you have this amount of Sales Invoices that your customer have yet paid you as at 31st December 2024.
You have to enter them in Opening Invoice as it can them capture which Invoice No., Date, Customer and Amount.
Note that total Opening Invoices must add up to debtor’s $50,000 value.

Alert
STEPS:
  1. Click ADJUSTMENT activity
  2. Click OPENING INVOICE module
  3. Click NEW
  4. Select the Date and Customer
  5. Enter Invoice Number at Reference display on the right 


Opening Supplier Invoice

Assuming if your Trial Balance indicate $30,000 of creditors, this means that you have this amount of Supplier Invoices that you have yet paid them as at 31st December 2024.
You have to enter them in Opening Supplier Invoice as it can capture them which Supplier Invoice No., Date, Customer and Amount.
Note that total Opening Supplier Invoices must add up to creditor’s $30,000 value.

Alert
STEPS:
  1. Click ADJUSTMENT activity
  2. Click OPENING SUPPLIER INVOICE module
  3. Click NEW
  4. Select the Date and Customer
  5. Enter Supplier Invoice Number at Reference display on the right 


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