A/R balance for new company set up

In the set up of customers you will need to enter a begining balance for each.

The preferred method is to enter the outstanding invoices so that you can receive payment and apply it to the proper invoice. Don't forget to close out Opening Balance Equity as well. You may want to get some help to make sure your opening balances are set up properly.

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Michelle L. Long, CPA, MBA

Author of the book "Successful QuickBooks Consulting: The Comprehensive Guide to Starting and Growing a QuickBooks Consulting Business"

National Trainer for Intuit Trainer/Writer Network

Advanced Certified QuickBooks ProAdvisor

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