AR-AP Modified Instructions
Starting Balances > Accounts Receivables-Payables
Accounts Receivable and Accounts Payable
Modified Starting Balance Instructions
Due to the fact that if you enter unpaid Sales and Purchase Invoices using actual inventory items inventory balances require adjustments, if you use my Modified Instructions which use non-inventory items which do not affect inventory quantities no adjustments to inventory are needed.
In addition, you save time since you are entering one total amount instead of all the detail items included in the invoice. If you need to know what was actually sold or purchased (the details) you can always refer to your prior invoice.
Note, that if you enter the actual invoice dates you still can get accurate accounts receivable and accounts payable aging reports.