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Coco23's avatar
Coco23
11 months ago

Historical individual debtor balances in AccountRight

Hi,

 

The company has been bought by new owners and I am setting up MYOB AccountRight up for them.  The old owners also used MYOB so am copying everything.

I have come to the opening debtor balance but I need to know how I am to bring them through when some of the invoices have already been part paid.

I have attached a sales invoice below with part payment already allocated under the old owners account.

Any advice you can provide would be great.

 

Thanks

 

  • Shella_A's avatar
    Shella_A
    MYOB Moderator
    11 months ago

    Hi Coco23,

     

    Thanks for posting. I get that it's a bit complex dealing with debtor balances and partially paid invoices. Here are some tips you can consider while dealing with this.

     

    • Opening Debtor Balances: Think of this as unpaid bills or invoices from before you started using MYOB. You need to put these into MYOB so when they get paid, the payment goes to the right bill or invoice.
    • Partially Paid Invoices: These are invoices that were partly paid before the new owners took over. You should also put these into MYOB as historical transactions. Make sure to note down the original invoice amount and the amount already paid. This way, MYOB will show the correct remaining balance.

     

    Also, I would highly recommend that it's best to always seek assistance from your accountant or financial advisor when doing this.

     

    Feel free to post again anytime you require further assistance. 


    If my response has answered your inquiry, please click "Accept as Solution" to help other users find this.

     

     

    Kind regards,
    Shella

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