After you create your customer cards, to ensure your accounting records are accurate, you must enter all your customers' historical saless. Historical sales are the sales that had a current balance due on the first day of the month in which you began using BusinessBasics. (This month is known as your conversion month. To recall your conversion month, choose Company Information from the Setup menu.) The total balance of your historical sales is considered your receivable balance.
During the setup of your customer card card -- in Step 6 -- you may have entered monthly sales totals for your customers for the months that occurred before you began using BusinessBasics; that information is useful for reporting purposes, but is optional. The historical sales you enter after the customer card is created are different -- they're sales that your customers made before you began using BusinessBasics but haven't fully paid off yet. Because your customers still owe you money for their purchases, it's important that you record these sales in BusinessBasics. This step isn't optional.
In the Historical Sale window, you'll enter all of the information that applies to the historical sale. When you reach the Total Including Tax, be sure to enter the remaining amount of the sale, not the original amount. Also select the tax code from the Select from List; the tax portion of the total amount remaining will be displayed. The tax amount will be reflected on sales tax reports.
Enter historical sales for customers