Record an existing amount owed to or by a vendor without recording a new purchase.
1. Open the vendor’s balance
Go to Purchases → Vendors. Find the vendor and choose Opening Balance from the row menu, or use the section while creating a vendor.
2. Set the direction and amount
Choose You Owe the Vendor or Vendor Owes You as a credit. Enter the balance date, currency, amount, and reference.
3. Check for duplicate debt
Do not also import the same unpaid bills as new vendor debt. Use individual bills when you need each original due date.
4. Save and review
Save the intended balance, then check the amount owed or credit available for that vendor. No new expense or tax is created by the opening amount.
