Setup Guide: Entering Opening Balances for Unpaid Vendor Invoices

When you setup Sage Simply Accounting, you need to enter unpaid vendor sales invoices into the system. You can do this before or after you enter opening balances for your accounts.

To enter unpaid vendor invoices:

  1. From the Setup menu, select Setup Guide, and then select Vendors.
  2. Enter the name and contact information for a vendor, if you haven't done so.
  3. In the Balance Owing column for that vendor, click $0.00. The vendor's record will be displayed.
  4. On the Historical Transactions tab, click Invoices, enter information about the invoice such as the invoice number and amount, and then click Record.
  5. Click Save and Close, and then click Close again.

Note:The grand total of all unpaid invoices must be the same as your Accounts Payable opening account balance. If the amounts are different, and you try to exit this window, Sage Simply Accounting asks you how you want to proceed. You can either: