Opening Invoices and Balances

ERPNext
1

I’m hoping someone can help me. I am not experienced at accounting processes. Using ERPNext Cloud version.

Is it okay for me to begin entering the opening invoices for suppliers and customers BEFORE I enter the opening balances journal entries? I’m confused on JV entries and want to check with my accountant first.

I need to get the invoices entered so our bookkeeper can go ahead and start receiving payments against customer invoices that are outstanding. Any guidance would be most appreciated!

Thanks!

2

Absolutely fine.

You can also start with the posting of the real-time invoices and have opening JV / invoices made at a later date.

3

Thanks, I went ahead and did that and will do my opening balances as soon as the accountant closes our fiscal year books this week. Appreciate it!