Community Forum Portal/Portail du forum communautaire
I am new to Ag Expert, We started the software from zero with the 2018 fiscal year. We ran our small farm accounting in 2017 using Excel worksheets and now getting into AgExpert to do it all starting in 2018. Now we have started to set it up and while I cam accross the Opening Balances transaction to enter for what was owed to us as of January 1st, we had a balance of QST to be reimbursed for the last quarter of 2017 and when I go into the Opening balance transaction the QST Receivable are shaded gray and I cannot key in the amount that was owed. Now I'm stuck because when I get to do my bank reconciliation I have deposited the QST reimbursement. How can I work this out? I tried a few things hoping to get it squared away in the GL Entry,then through a PST Receivable but there's not outstanding. I think I need your help. Thank you, Kevin
Hi Kevin, That specific opening balance will need to be entered through the regular Transaction Entry window. Open it up and Create a Receivable Charge transaction dated the day before your fiscal year begins. Offset the Receivable Charge with an A- line to the QST Paid account. Once that's done, you'll be able to enter your deposit offset by a Payable Payment line.