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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Vendor Opening Balances
Small and medium business | Business Central, N...
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Vendor Opening Balances

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Posted on by Kaisha 125
I have created vendor opening balances using the general journal. The amounts on the vendor card are correct but these are not showing on accounts payable. How can i go about this
 
Regards
Kaisha
  • Suggested answer
    Dallefeld Profile Picture
    Dallefeld 169 User Group Leader on at
    Vendor Opening Balances
    Typically, when you enter your beginning vendor invoices/balances, the accounting entry debits and credits the associated GL account from your vendor posting setup which is a net entry of zero dollars.
     
    The balance in the accounts payable account should be posted from your beginning general ledger entries. And it is important to make sure that your vendor entries total to your general ledger entries.
  • Judy Profile Picture
    Judy Microsoft Employee on at
    Vendor Opening Balances
    Hi,
     
     
    Have you tried to Use the reconcile process in Business Central to reconcile the vendor balances.
    This process helps synchronize the vendor balances with the accounts payable module.
    The reference Document:
     
     
    Best Regards,
    Judy
  • Isuru Profile Picture
    Isuru 16 on at
    Vendor Opening Balances
    Kaisha,
     
    Please check whether you have set the GL account in Vendor Posting page, under 'Payable Account'
    You can set Vendor group wise GL accounts. This will help to maintain GL Vs subledger matching.
  • Kaisha Profile Picture
    Kaisha 125 on at
    Vendor Opening Balances
    The G/L account is correctly configured. Someone kindly help
  • YUN ZHU Profile Picture
    YUN ZHU 75,561 Super User 2024 Season 2 on at
    Vendor Opening Balances
    Hi, please check the settings below.
     
    Hope this helps.
    Thanks.
    ZHU
  • Suggested answer
    gdrenteria Profile Picture
    gdrenteria 12,831 Most Valuable Professional on at
    Vendor Opening Balances
    Hi
    Have you verified that the g/l account configured in the vendor's posting group is correct?
    Best Regards
    Gerardo

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