Opening Balance for Customers/Vendors

You could be carrying over your customer or vendor balances when you are migrating from another accounting application.

Opening balances for your customers

You can enter the opening balance for your customers in one of the following ways:

Insight: Outstanding Receivables in the customer overview page contains the total amount the customer owes you (for the invoices created) and also includes the outstanding opening balance you had added initially.

In case you would like to view/update the opening balance entered, go to Customer Details > Overview > Outstanding Receivables. Click Update and enter the updated Opening Balance.

Insight: Outstanding Opening Balance is the balance the customer owes you excluding the amount from the sales transactions created for them in Zoho Books. Each time you record a payment received (apart from the ones you record for the invoices you created in Zoho Books), the outstanding opening balance reduces.

Opening balances for your vendors

To enter the opening balances for your vendors:

Next >
Link Customer and Vendor

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