Adding a customer with an outstanding balance

[Nelson Handcock]

Hi,

When you create your GN chart of accounts for the first time, you are
prompted to enter opening balances for your accounts, and they show up in
an Equity account.

I had the same situation to cater for, and I created another equity account
then added payment transactions for the customer and posted them to the new
equity account.

Don't know if that's the best way of doing it, but it worked for me.

Hope this helps...a bit

Thanks & Regards,

Nelson Handcock
0409 149919

http://www.linkedin.com/in/nelsonhandcockaustralia

On Sun, Jun 28, 2015 at 11:00 PM, L. D. James <ljames at apollo3.com> wrote:

> Can someone advise me of a customary way of adding a customer who was in a
> different Accounting system that has a current balance.
>
> So far I had been generating an invoice and calling it outstanding balance.
>
> Since the original invoices are in the other accounting system, it might
> be a lot of work to try to generate new invoices.  Some of the outstanding
> balances generate from number invoices that has been partially paid over
> more than a year.
>
> My current logic was to have the customers account having an outstanding
> balance (from that past) and of course any new changes will be invoices in
> Gnucash.
>
> Thanks in advance for any comments or suggestions.
>
> -- L. James
>
> --
> L. D. James
> ljames at apollo3.com
> www.apollo3.com/~ljames
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