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I had an opening balance in my Accounts Recievable & now wish to settle it. How do I do that?

April 26, 2017accounts Balance opening recievable wish

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I had an opening balance in my Accounts Recievable & now wish to settle it. How do I do that?

1 Answer

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Since the amount was through the Opening Balances window and not a Load, you have to remove it by using the Account Adjustment window. (Take the amount out Accounts Receivable with a negative and put in the Bank account with a positive.