PASTEL - capturing customer and supplier take-on details

[Christos]

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.

[Neville Bailey]

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.

[Christos]

Thank you very much Neville.