Overview:

When migrating unpaid Sales and Purchase invoices into Zumzum Financials, you do not need to separately enter opening balance for the Debtors Control Account or Creditors Control Account. Instead, manually input or use bulk data loader tools to enter these invoices into the system. Once entered, post the invoices to the ledger to update the accounts. For unpaid Sales Invoices, the Aged Debtors Control Account and customer balances will be automatically updated. Similarly, for unpaid Purchase Invoices, the Aged Creditors Control Account and supplier balances will be updated in Zumzum Financials, ensuring that your financial records accurately reflect the migrated transactions.

Description: Migrating Customer and Supplier Opening Balance for Debtors Control Account or Creditors Control Account

If you are migrating unpaid Sales Invoices and Purchase Invoices to Zumzum Financials to create opening balance for your customers and suppliers. Then enter the Sales Invoice or Purchase Invoice manually, then post to the ledger

Resolution:

Please manually enter Sales or Purchase invoices to Zumzum financials or use the bulk data loader tools.  Once inserted, please post the invoices to the ledger.

If you are entering Sales Invoices, that are unpaid, Aged Debtors control account and customer balance are updated in Zumzum Financials

If you are entering Purchase Invoices, that are unpaid, Aged Creditors control account and supplier balance are updated in Zumzum Financials.

Learn more about setup and configuring Zumzum Financials to suit your business requirements.