Enter Vendor Beginning Balances

Once you save a vendor, you can enter beginning balances for the vendor.

Note: When you are entering your vendor's beginning balances, do not enter invoices that you have already entered in the Purchases window.

If you didn't select a vendor on the Maintain Vendors window, select a vendor on the Vendor Balances tab.
On the Purchases from tab, enter the invoice number, invoice date, purchase order number (if applicable), amount, and the appropriate A/P account (if necessary) for each unpaid invoice for this vendor that needs to be recorded when starting Sage 50. Get more information about this tab and some important points about entering beginning balances.
Note: If you are using accrual-based accounting, you must select an A/P account. If you are set up as cash basis, the A/P Account field will be disabled.
If you need to enter more than one line on this tab, press ENTER and continue adding invoices.
To enter beginning balances for additional vendors, select the Vendor Balances tab. Double-click the vendor name or highlight the name and select the Purchases from tab.
Note: When you are setting up your company, it is important to remember that the total of the beginning balances entered here needs to equal the total amount you entered in your G/L beginning balances for all accounts payable account types.
Select the Save button when you are done.