Sage 50 Opening balances

Hello,

This sound stupid but here goes, when I enter the opening balance for a customer it asks me for the NET amount, I am entering these amount indivually so for example    customer 1  Invoice 1  November 7th 2012   £100,   my question is what happens to the VAT for this invoice? I'm moving from a older system, this customer has not yet paid, how will VAT be accounted for?

Any replies would be greatly appreciated.!

 

Info: Sage 50 Professional 2012, new system is not live yet.

 

 

Comments
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O/bal

she001 |

o/bAL

Paul Holborow |
Paul Holborow's picture

Opening Balances

Max Patel |