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
