Entering receivable opening balances manually
If you are creating your Time file from a previous time and billing software package, you can enter the receivable opening balances as they were when you closed out the period on the previous time and billing package. Entering opening accounts receivable balances enables the aging of invoice in the Time file to work properly.
Accounts receivable transactions are imported with their original dates as long as they are on or prior to the day before the first day of the first period as set in the Company Profile. For example, if the fiscal year of the file is from January 1st, 2008 to December 31, 2008, the invoice date must be December 31st, 2007 or earlier. If you are starting the file in the middle of the year (e.g., June) and the previous fiscal dates apply, set the Dates in the Company Profile to Random and make period 1 the month of June. The first year of the Time file will be a 6-month year, and when the year end close is performed, the period date sequence will be changed to Monthly. This enables you to enter receivable opening balances with a May 31st date.
Notes
- This is the only time when you should set the Company Profile to Random.
Comments and suggestions about this article and our software are greatly appreciated. As a user of our products, you are in a unique position to provide ideas that have an impact on future releases of this and other products.
Before contacting Technical Support, please consult the online Help and any other documentation included with this package as your first source to solve the problem.
If you require additional assistance, you can contact CaseWare® Technical Support by contacting your nearest CaseWare distributor.
When you contact CaseWare® Technical Support, you should be at your computer and have your documentation at hand. Be prepared to provide the following information:
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