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Thread: PASTEL - capturing customer and supplier take-on details

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    PASTEL - capturing customer and supplier take-on details

    Hello all,

    When processing journals to take on the supplier or customer details, what do we do with the supplier or customer age analysis? Do we ignore it and just focus on processing the detailed balances?

    Thanks in advance for your help.

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    Platinum Member Neville Bailey's Avatar
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    It depends on whether you want to take on the balances with their ageing or not.

    If you are not worried about the ageing of the opening balances, then simply capture a single line item, for each account, at the take-on date.

    However, if want the opening balances to be aged, then you will need to split the opening balances, per account, into various line items, each line being allocated to the relevant financial period prior to the take-on date. Make sure that you use unique references for each line in the journal, otherwise your ageing will not work out.
    Neville Bailey - Pastel Accounting Consultant and Photographer
    neville@accountingsoftwaresupport.co.za
    www.accountingsoftwaresupport.co.za
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    "Give every person more in use value than you take from them in cash value."
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    Thank you very much Neville.

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