I have added the opening balance amount for my vendor and have made the payment. How should I record it in Zoho books?
To record the payment against the opening balance amount, follow these steps:
- Go to Purchases on the left sidebar and click Payments Made.
- Select + New and click the tab Bill Payment.
- Select the vendor to whom you wish to record payment in the Vendor Name field.
- Enter the amount against the vendor’s opening balance and other necessary details.
- Click Save.