Adding Historical Sales Data
Before you finish entering history, the Accounts Receivable account balance must equal the total of unpaid invoices for all customers.
In the previous exercise, you entered a $6,000 balance in the Accounts Receivable account. Now you must make sure that the total of all customer balances in the Customers window is $6,000.
Simply Accounting calculates the customer’s balance, based on information you enter about the customer’s invoices and payments, as of the earliest transaction date. This information is called a customer’s “history” or “historical data.”
To add historical sales data, choose the Customers icon to display a customer record. Click the Historical Transactions tab, and then click the Invoices button.
You enter information in the following fields:
Invoice No. Enter an invoice number. The program does not allow you to enter duplicate or blank invoice numbers.
Date. Enter the invoice date. The earliest transaction date is displayed automatically, but you can change it if you wish.
Terms. Enter the payment terms you offered this customer. The program fills in the payment terms you added in an earlier exercise, but you can change them if you wish.
Amount. Enter the amount of the invoice.
Taken From : Simply Accounting
