How to establish a Customer Opening Balances on sage line 50

The method of entering the opening balances for your customers is different depending on whether you are using the Standard VAT Scheme, or VAT Cash Accounting. Using the Standard VAT Scheme You can either enter customer opening balances as lump sum balances, or you can enter each outstanding invoice and credit note separately, to make it easier for you to match receipts later. Using VAT Cash Accounting You should enter each invoice and credit note for your customers individually, assigning the correct tax code to each. Supplier Opening Balances The method of entering the opening balances for your suppliers is different depending on whether you are using the Standard VAT Scheme, or VAT Cash Accounting. Using the Standard VAT Scheme You can either enter your supplier opening balances as lump sum balances, or you can enter each outstanding invoice and credit note separately, to make it easier for you to match payments later. Using VAT Cash Accounting You should enter each invoice and credit note for your suppliers individually, with the correct tax code.