Settings. Opening Balances

Conversion Date 

The date on which all opening journal entries will be posted. This date should be set before continue.

Trial Balance 

Account balances as of defined conversion date. It can be used to control and monitor your progress in data entry.

Journal Entries 

Special register to show all posted opening journals in one place.

New Operation 

List of operations to create a new opening journal. You can create a new manual journal, add unpaid sales invoice or credit note, add received prepayment, unpaid purchase invoice or debit note, add paid prepayment, unpaid expense claim and add opening stock entries.

Cash Tax Basis Accounting

PayTraq supports cash tax basis accounting so you can enter your unpaid invoices and prepayments the same way as for accrual basis. Journal entries on holding tax will be generated accordingly.

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