LEVEL 2 How do I enter opening balances without the other half being posted to 9998 suspense

AliceHenley93

Hello,

Hoping someone can help me!!

Is there another/better way to enter opening balances in customers/suppliers? I had been entering them in the same screen as creating the customers/suppliers and thought all was posted correct until I looked at 9998 suspense account - the other half has been going to here.

I'm using 2016 Sage 50 professional version.

Pleaaasseeee say someone can help me, I have my exam next week and am getting really stuck at this bit!

Thanks

BenA

Hi, I have Sage instant at home so I will have a look if I have time this evening. In the meantime search Bookkeeping aster on YouTube. He may have something on this within one of his videos.

BenA

Hi Alice,

I have just looked and I can only see two ways to set up new customers and suppliers which are the manual way and using the wizard. Both of these ways leave a balance on the suspense account. The only other way I thought of was to set the account up and then post an 'invoice' using the nominals for the creditors/debtors control account. Unfortunately Sage does not allow this and blocks the transaction.

I have attached a link showing how to journal.

https://www.youtube.com/watch?v=P_mF7U_W0Ng

Hope this helps you.

BenA

Hi Alice,

I've just stumbled across this post again. Are your studies going ago for you on Sage? If you need any more help, just give me a shout.

AliceHenley93

Hi, thanks for the help I passed!

BenA

It's not a problem. Well done. If there is anything you need help with on future levels then just contact me. I am 1 exam off passing level 4.