Opening Balance import for AR
Hi,
Opening balances of AR are not good and competent to the statutory requirements.
In case we update the AR balances of a customer by mentioning the date of the invoice and invoice number will allow us and the owner to see the ACTUAL AGING reports and help them to report under MSME and Companies Act with Accuracy.
In case of mentioning the bulk amount under the opening balances FAILS ZOHO BOOKS to generate accurate AR/AP Aging reports and also mislead the Owner, Statute and Auditors by giving false information.
We suggest you provide the columns like "Date of Invoice", "Invoice No.", "Invoice/Due Amount" and "Due Date" for every AP/AR to report the things with accuracy.
3
votes
Numero Corp
shared this idea
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Numero Corp
commented
Yes, it is Critical for FY 2023-24 to generate accurate reports.