Establish Starting Balances
This Help File Page was last Modified on 02/01/2012
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Establish Starting Balances This Help File Page was last Modified on 02/01/2012 |
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Establish Starting Balances This Help File Page was last Modified on 02/01/2012 |
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| □ | Once you have entered your Subscribers: |
| • | Complete their Account Information Form |
| • | Enter Auto Bill information for Recurring Revenues |
| • | Assign a Bill Payer (if needed), the next step is to establish their starting balance. |
| • | Set them up forAuto Draft payments, if needed. |
| • | Establish their Starting Balance. |
| □ | If you are entering a new Subscriber - once you have completed the steps outlined above: |
| • | All you need to do is enter the initial Sale(s) |
| • | Then post the Receipt(s) related to them. |
| □ | If you are upgrading from another (manual or automated ) system: |
| • | Assuming you have not had a data conversion done that imported their current balance (including the supporting Invoices and receipts that make up that balance) as well as your Subscribers, you must enter those transactions that will clearly establish the Subscriber's starting balance within MKMS. |
| • | For instance: |
| • | If they have outstanding Invoices, each of these should be entered individually. |
| • | If one or more of those Invoices have Deposits applied to them, those Receipts must be entered as well. |
| • | Then you must Allocate the Deposits to the proper Invoices. |
| □ | What do I do Next? |
| • | For each of their Outstanding Invoices, enter a Sale for each. |
| • | Post the Receipts that represent any Partial Payments or Unallocated Payments (any payment that you've received, but have not yet applied to an Invoice). |
| • | Allocate those Receipt(s) to the appropriate Invoice(s) |
| • | Print the Ledger Card to check the results |
| • | Print (View) an Accounts Receivable Report for the Subscriber. |