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Today's Charge Payments Tip

Accounts Receivable in Accounting Software

So this will be your second step, if you set up your ledger first, otherwise it is where you will start.

Before you start the actual process of invoicing from your new accounting software package you will need to set up your customers, some products and then almost certainly enter into the system the balances that customers owe you at this stage.

There will probably be provision in your accounting software for entering customer opening balances.

The age trial balance that you print out of your accounting software must equal the manual list that you started with. If it doesn't because you have made a mistake somewhere, left an entry out, or even entered the same amount twice, and you start using...
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