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21st Century Accounting Help - Payables/Configure

Historical Payments

When you move an existing set of books into 21st Century Accounting, you can establish vendor Payables balances by entering open invoices with Payables/Configure/Historical Invoices. You can enter a single "summary" invoice or all open invoices. You can also enter paid invoices and enter the payments in the Configure/Historical Payments window to establish detailed history for a vendor. Historical payments are payments that have been posted and are already reflected in your general ledger.

Before proceeding with data entry, print the Vendor Activity report to verify that the total of all vendor balances equals the total balance of all Payables control accounts. Print the Aged Payables report to verify that your historical invoices fall into the correct aging periods, based on the due dates.

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