Читать книгу Xero For Dummies - Heather Smith - Страница 61

If an Accounts Receivable conversion balance was entered, after saving the conversion balances, the Conversion Balances Sales Invoices dashboard appears. At the bottom right of the screen, the red text reads Balance Out By #; the amount is the Accounts Receivable conversion balance entered. The objective here is to enter the historical invoice and credit note details, reducing the balance to zero.

Grab the details for the outstanding sales and enter them using the Add Invoice button and Add Credit Note button. (See Chapter 6 for guidance on entering sales invoices and credit notes.) Any details you add can be edited by clicking on the relevant row, or deleted by clicking the cross at the far right. The transactions entered here can also be entered via the normal Sales dashboard (see Chapter 6), and you can receive payment against them just as you would a normal invoice.

Once total Sales Invoices match total Accounts Receivable, the green text at the bottom of the balance reads Matched and the balance is zero. The opportunity to proceed to the next step is now available via the highlighted green Next button. Your balance must be zero before you’re able to proceed.

If an Accounts Payable conversion balance was entered, after matching the total Sales Invoices and the total Accounts Receivable balance, you’ve the opportunity to enter supplier bills and supplier credit notes via the Add Bill and Add Credit Note buttons. It’s the mirror image of the Conversion Balances Sales Invoices dashboard, and the goal is to match the total Accounts Payable balance. Once matched, click the green Next button. Hurrah! The conversion balances should now be saved and you can click the green Finish button.

In Australia, the term credit note was replaced with adjustment note in 2000 with the introduction of GST, but I think people generally understand what’s meant when the term credit note is used.