Enter historical purchases for your suppliers
Now that you've entered information about your suppliers, it's time to enter information about any outstanding transactions you may have with them. These are purchases you've made from them that haven't been paid in full, as of the first day of your conversion month; in MYOB Accounting Plus, they're referred to as historical purchases.
Note: If you have historical purchases for foreign suppliers
Use the following procedure to enter each of your historical purchases:
Repeat this procedure for every purchase that hasn't been paid in full yet. When you're finished entering historical purchases, the Out of Balance Amount field should be zero. Note: The total of the historical purchases should equal the accounts payable opening balance that you entered while using the Accounts Easy Setup Assistant.
If you use the MYOB Accounting Plus multicurrency feature, each currency will have its own linked payables account. The amount that appears in the Total Linked Payables Account Balance field is the balance for the currency selected. When you select a different currency from the Currency list, the balance of that currency will be displayed in the Total Linked Payables Account Balance field.
You can use the Edit or Delete buttons to open the Historical Purchase window for the highlighted transaction and change or delete the transaction, if appropriate.
If a non-zero amount is displayed in the window, see Out of Balance information for possible solutions for returning the amount to zero.