We had the same currency issue. So we simply created sales invoices (you can mark them as opening invoices) using the data import tool and with an “open invoice item”. I think this might be a better approach.
If you mean the “Opening Invoice Creation Tool”. I agree that this is much more easy to use, but, as mentioned, this only works in the default currency. I have used it for all Customers with whom we deal in our default currency. However the customer in this example is invoice in a non-default currency, so the Tool does not work.
That said … it should work on any currency, but that’s a different discussion.
However, your comment gave me the right hint to replace the journal entry with just a Credit Note (Sales Invoice with “Is Return/Credit Note” checked). The only thing that I do not like too much is that this requires a ‘virtual’ item which like Opening Balance, but I can live with that.
No we did not use it for the same reason you mention.
We literally created sales invoices via the data import tool. (not the open invoice creation tool)
It was about ~100 or so invoices. So wasnt that painful in the end.
have never used that. No idea what it really does neither (adding one more thing on the endless To-Do list). Thanks for the pointer. Will consider this if at any later point in time I stumle upon a similar situation