Open Balances

Documentation Table of Contents

Open Balances

The open balances screen is for use when first setting up Quasar. Its purpose is to provide a mechanism for entering the opening balances of your customer's receivable accounts, your vendor's payable accounts, your inventory and your general ledger accounts. You can enter the data manually or you can import the data from an XML file.

Store

Enter the store for which the opening balances are being entered

Station

Enter the station being used to create the opening balances record

Employee

Enter the employee creating the opening balance record.

Customer

Use the customers folder to enter the opening receivable balances for your customers.

• Customer

  The customer to set the opening balance.

• Date

  - The date of the transaction. Note - This does not default to the current date because you may wish to enter multiple transactions with different dates to properly reflect the aging of the customer account.

• Amount

  The amount of the opening balance.

Vendors

Use the vendors folder to enter the opening payable balances for your vendors.

• Vendor

  The vendor to set the opening balance.

• Date

  - The date of the transaction. Note

  - This does not default to the current date because you may wish to enter multiple transactions with different dates to properly reflect the aging of the vendor account.

• Amount

  The amount of the opening balance.

Items

Use the items folder to enter the opening inventory balances for your inventoried items.

• Item

  The item to set the opening balance.

• Description

  The description of the item.

• Size

  The size of the item being entered.

• Qty

  The opening quantity balance for the item.

• Total Cost

  The total cost for the total item quantity for this item size.

Accounts

Use the accounts folder to enter the opening general ledger account balances for your chart of accounts.

• Account

  The account to set the opening balance.

• Debit

  The debit amount for the account.

• Credit

  The credit amount for the account.

Account

Import

Click on the import button to import an XML file containing opening balances.

Post

Click on the post button to post the opening balances.