Opening balance(to customers) is the sum of the amount that the customers have to pay for the business.
Opening balance(to suppliers) is the sum of the amount that the business has to pay for the suppliers.
Adding an opening balance #
To add an opening balance, Go to Contacts->customers/suppliers. Either select the add button or click on edit for an existing user. There you could find a more information button, click on that and add the opening balance amount to be added for that user.
View Opening balance payment #
To view the opening balance of contact, go to List Supplier/customer, go to view, and on the view page, you will find the opening balance & opening balance due.
Pay or receive payment of opening Balance #
Adding payment of the opening balance is the same as any other payments. Go to list Customer/Supplier -> Actions -> Pay.
It will open a popup modal where you can enter the payment amount.
