Hello, I'm setting up QB Premier 2004 for a new client. I'm using his start date as of 1/1/05. In setting up the Accounts Payable, Quickbooks asks that it be associated with a vendor. I understand why it asks this BUT, I am using 2004 ending balances from their CPA and the ending balance in A/P is $208432.00. If I were doing this work in the clients office, I would have access to all the payables individually and could enter them individually. However, I only want to enter the ending balance as of 2004 and go from there. When I do this, the $208432.00 shows in A/P, which is fine, but I have to set up a new Vendor as "Other" to associate it with. So in the Pay Bills window there's a bill payable to OTHER in the amount of $208432.00. I understand the purpose of this but the client will be totally confused when I start to train him. How do I enter this amount without having to associate it with a vendor. I'm made a journal entry to debit Opening Balance Equity and credit A/P which works fine. But I had to associate the A/P with OTHER so now it's in the Pay Bills window.
Am I making sense to you guys? Any ideas?
SR