Use the Sales and Purchases sections of the Easy Setup Assistant to enter the names of your customers and vendors, as well as other important information about them. You'll choose the credit terms you most often extend to your customers and receive from your vendors; these selections can be changed for individual customers and vendors who have other terms. You'll also enter historical sales and purchases; these are the sales and purchases that were made before the start of your conversion month but haven't yet been fully paid.
You'll have the chance to review the accounts that are being used to track your sales and purchases. AccountEdge provides default entries for you to use, but you're free to select other accounts if you like.
Use the Sales section to select a layout that matches the type of invoices you issue most often -- service, item, professional, time billing or miscellaneous. You'll also review the account that's been selected to hold undeposited funds you receive from customers (and other sources) until you deposit the funds in a checking account or some other bank or financial account.