Opening Balance Issue

  • Resolved mohamedsamir3000

    (@mohamedsamir3000)


    3 years, 7 months ago

    Greetings,
    In the Accounting module -> Opening Balance page, I don’t have the following:
    – Accounts receivable
    – Accounts payable.

    So, how can I add opening balance for customers?

    Looking forward to hearing from you soon.

    Best Regards.

Viewing 3 replies - 1 through 3 (of 3 total)
  • Md. Tanvir Chowdhury

    (@tanvir101)

    3 years, 7 months ago

    Hello @mohamedsamir3000

    Thanks for reaching out.
    Accounts payable and receivable have been added under the Chart of Accounts in the updated versions of WP ERP.
    To create an opening balance, first, create a financial year.
    Navigate to WP ERP >> Settings >> Accounting >> Financial Years
    After that navigate to
    WP ERP >> Accounting >> Settings >> Chart of Accounts then click on Add New

    Select the chart of accounts for Asset, Liability, Equity, and Bank

    Create an account name

    Give a code(optional)

    Then Save
    Afterwards, hover to the top right on New Transaction and click on the Opening Balance
    Here is a screenshot for your better understanding.

    Thanks

    Md. Tanvir Chowdhury

    (@tanvir101)

    3 years, 7 months ago

    Hi @mohamedsamir3000

    I hope you have found your solution using the above process.
    On account of inactivity, I am resolving this topic.
    Feel free to create another topic if needed.

    Regards

    Thread Starter mohamedsamir3000

    (@mohamedsamir3000)

    3 years, 7 months ago

    Hi Md. Tanvir,
    First of all, thanks for your reply.

    Here is a screenshot of what I have.

    I have only Tax payable, Asset, Liability, Equity, and Bank. But I still don’t have Accounts payable and receivable.

    Regards

Viewing 3 replies - 1 through 3 (of 3 total)

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