Re: Importing Opening Debtors
I am using an account I have created called Suspense which I have set up as a current liability.
However because I need to post all the outstanding debtor invoices rather than just a balance, I believe that I have to import them as if they were normal invoices, and then I would journal that balance from Sales to Suspense (Dr Sales, Credit Suspense). This would bring my suspense balance to Zero and remove them from Sales (as they are already included in my Opening Sales balance).
Am I right to believe that when I post normal invoices going forward, using a csv file mapped to QB requirements, that I would expect the Chart of Accounts to show increased Debtors and increased Sales?