Hello

I'm setting up a new company and have managed to input opening balances for individual foreign Customers and Vendors in foreign currency.  However, when I try to do the same in the General Ledger, I am not given the option of entering, say the total A/R opening balance both in the foreign and the functional currency.  I can only enter the amount in the functional currency.  Can anyone help?

Thanks

The Accounts Receivable amount is entered only in the home currency.  The amount receivable from the Canadian customers plus the amount from the US customers (at the proper exchange rate) will add up to the A/R amount.  NB the Chart of Accounts will have the US receivables in USD and CAD.

Many thanks for this.  Since the A/R opening balance has to be entered separately from the individual customer opening balances, I wonder, once we are out of historical mode, whether recording a new sales invoice raised against a customer automatically updates the A/R balance in the General Ledger.  Or will I still have to update the A/R and the individual customer balances separately?

My Chart of Accounts, which I take to be the General Ledger, only shows the A/R balance in the home currency although I have entered foreign currency transactions against individual customers.  This seems to be in contradiction to Michael's last sentence.  I am now quite confused.

Would welcome some help with this.  Thanks.

If you are in the Classic View the Chart of Accounts is under the General column, in the Enhanced view you get it by clicking on Company.  Yes The Accounts Receivables account is updated automatically when you enter an invoice in the Sales module. Ditto for the Accounts Payables account.

Thanks.