What are historical sales?

Historical sales are the sales that had a current balance due on the first day of the month in which you began using FirstEdge. This month is known as your conversion month. To recall your conversion month, choose Company Information from the Setup menu.

Because your customers may still owe you money for their purchases, it's important that you record these sales in FirstEdge.

The total balance of your historical sales -- your open sales as of your conversion month -- is your receivables account balance..