Opening Balance for Customers/Vendors

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

Opening balances for your customers and vendors

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

Import customers and vendors Accounts opening balance New customers opening balance Existing customers opening balance

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.

Insight: Outstanding Payables in the vendor overview page contains the total amount you owe your vendor (for the bills created) and also the outstanding opening balance you had added initially.

In case you would like to view/update the opening balance entered:

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.

Next > Link Customer and Vendor

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