AccountsReceivableGuide > Accounts Receivable > Managing Customer Information > Creating Your Customer Accounts > Entering Your Customers' Opening Balances > Entering Opening Balances Using Accounts Receivable Transactions
Entering Opening Balances Using Accounts Receivable Transactions
When you create your customer accounts, you can enter a beginning balance for the customer at that time or you can post transactions to the customer account to enter the beginning balance. You might want to post transactions if the customer’s balance is the result of multiple transactions and you want the amounts to fall into different aging periods. Enter transactions in the AR Enter Payments/Adjustments window.
To set a customer’s beginning balance by posting transactions in Accounts Receivable:
1 Determine whether the customer’s balance is a result of a single transaction or multiple transactions.
If the balance is a result of multiple transactions, you can enter each transaction separately, especially if aging is important for finance charge or early-payment discounts.
2 Enter a separate transaction for each transaction that makes up the customer’s current balance.
You can change the transaction date for each transaction in the AR Enter Payments/Adjustments window, if necessary.
When you post these transactions, the customer’s balance in Denali will equal the balance you have on record.
For detailed information on entering customer payments, see Entering Customer Transactions.
Published date: 12/31/2020