Cards
To enter an historical purchase for a vendor
Notes:
What are historical sales and purchases?
Historical purchases are different from purchasing history entries!
If you have historical purchases for foreign vendors
- From the Setup menu, choose Balances and then choose Vendor Opening Balances from the submenu that appears.
- Note the amount that appears in the Linked Payables Account Balance field at the bottom half of the Vendor Opening Balances window. You should enter historical purchases that, when totaled, equal this amount.
- Click the zoom arrow in the scrolling list next to the name of a vendor from whom you've made historical purchases. The scrolling list changes to show all the historical purchases that exist for that vendor. (If you're just starting out, no purchases appear in the scrolling list.)
- To enter an historical purchase, click the Add Purchase button. The Historical Purchase window appears.
- Enter all information that applies to the historical purchase. When you reach the Total Including Tax, be sure to enter the remaining amount of the purchase, not the original amount. Select the tax code from the Select from List; the tax portion of the total amount remaining will be displayed. When you're finished entering the historical purchase, click Record.
- Continue entering historical purchases for the vendor until the amount that appears in the Out of Balance Amount field of the Vendor Opening Balances window is zero (or as close to zero as you can get it). When you're finished, click Close. (Reasons you may be out of balance)
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