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glcpa
July 30, 2019
Question

How to transfer accounts receivable ledger from previous accounting system?

  • July 30, 2019
  • 2 replies
  • 0 views

Hey everyone, I have an accounts receivable balance from a previous accounting system (for example 100 000$). I have done a journal entry to record all opening balances for every account so right now my accounts receivable account is 100 000$. It has been affected to the client in question. When I see the client's statement: it says journal entry #3 100 000$. I would like to import the list of invoices and information so that it is reflected on their statement, and I will be able to select which invoices are paid afterwards. So far I have been told that if I import the list of invoices, it will record sales and taxes on sales (as if they are new invoices). How do I proceed? Best regards

2 replies

J
JamesM
July 30, 2019

Hi glcpa,

 

Good job on going as far as creating a journal to record all the opening balances. I'll be happy to assist with sharing helpful info on this. 

 

In case you're worried about duplicate invoices when you import the invoices, I recommend checking your current books and deleting any transactions/journal entries you feel may be duplicated before importing. If you need help with importing, I encourage you to check out the steps below outlined in this article: Import invoices in batches.

 

Let me know if you have questions. I'm here to help. :) 

 

 

 

 

R
Rochelley
July 30, 2019

If you want your A/R sub-ledger to show all the detail from a client, you will need to reduce or delete your original JE by the amount in question and use the Sales/Customers portion of QB to enter each invoice individually.  When they are all entered, they should total up to your $100,000 of A/R. 

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