Adding Opening Balance & Payment


Figure 23 – Opening Balance of a New Customer / Supplier

Opening balance is the balance contact (customer or supplier) have at the beginning of the time.
If you’re planning to shift data from another software to UltimatePos, hence the opening balance of the contact will be outstanding amount the contact has to pay to you for customer and you have to pay to the contact for the supplier contacts.
Opening balance for customer = Amount the customer have to pay
Opening balance for supplier = Amount you have to pay to the supplier.
Adding Opening balance, when adding/editing the supplier or customer.
In the add contact screen you will find the opening balance field.

Figure 24 – Opening Balance Summary for Suppliers

Figure 25 – Opening Balance Summary for Customers
View Opening balance payment, to view the opening balance of a contact - go to List Supplier/customer - go to view, and in the view page you will find the opening balance & opening balance due.
Click actions - View contact - View the contact details which includes the opening balance.