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HansaManuals Home   >> Discontinued Products   >> Books by HansaWorld   >> Opening Balances  

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This text refers to program version 6.2  

Accounts Receivable Opening Balances - Accounts Receivable Settings

Before entering the first opening balance, there is a single setting in the Receivables module that you need to check if you will be entering Receipts for the fiscal year to date.

Use the [Module] button in the Master Control panel to enter the Receivables module and click the [Settings] button, also in the Master Control panel. In the subsequent list window, double-click on 'Payment Modes'.

Payment Modes represent the different methods that your Customers will use to pay your Invoices and you will use to pay your Vendors. Typical examples are cash, check, direct debit and credit card. If necessary, each Payment Mode can debit a different Account, to represent payments into different bank accounts, into petty cash or by credit card.

If you created your database using the 'Start with standard chart of accounts' option as described on the Starting Books by HansaWorld - New Database page, you will have imported the sample Chart of Accounts supplied with Books by HansaWorld to your database. You will also have imported some basic Payment Modes. If you have modified the Chart of Accounts supplied, or you have created your own, ensure that the Account Numbers shown in the second column now refer to the correct Account (remember, you can use 'Paste Special' if necessary).

To create a new Payment Mode, simply click in the first blank row and enter a unique Code. Then enter the other details as appropriate, referring here if necessary to complete the entry.

Click [Save] when you have finished.

Then, close the 'Settings' list using the close box.

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