Managing opening balances helps keep your customer and supplier accounts accurate when transitioning to BillBook from another system. 📊

📌 What is an Opening Balance? #

An Opening Balance is the amount a customer or supplier owes at the start of using BillBook.

✅ Customer Opening Balance = Amount the customer has to pay you.
✅ Supplier Opening Balance = Amount you have to pay the supplier.

📌 Example:
If you’re migrating data from another software, the opening balance should match the outstanding amount from the previous system.

📝 Adding an Opening Balance #

✅ Go to → Contacts → Add Supplier/Customer
✅ In the Add Contact screen, find the “Opening Balance” field.
✅ Enter the amount they owe or you owe. 💵
✅ Click “Save” 💾.

💡 You can also edit an existing contact and update their opening balance.

📊 Viewing Opening Balance & Payments #

✅ Go to → List Supplier/Customer
✅ Click “View” on the selected contact.
✅ You will see:

• Opening Balance (Initial amount) 🧾
• Opening Balance Due (Remaining amount) 💰

💵 Paying or Receiving Opening Balance Payments #

✅ Go to → List Customer/Supplier → Actions → Pay
✅ A payment popup will appear.
✅ Enter the amount paid/received 💲.
✅ Click “Save” to record the payment.

📌 Payments for opening balances are recorded just like regular payments!

With BillBook’s Opening Balance feature, transitioning your financial records is smooth and accurate! 🚀💰

Let me know if you’d like any refinements! 😊