Hi Barb, To enter your opening A/R and A/P, enter a Receivable Charge or Payable Charge using the regular transaction entry screen. Date your transaction the day before the start of your first fiscal year beginning date. When you do that, you can offset the charge as if it was being posted last year and because the program knows that the item comes from before the start of your first fiscal year it will automatically treat it as an opening balance transaction, this means that no matter what your offset in the actual transaction entry was, your offset on the posting will end up being Retained Earnings automatically.
