The opening balance is the balance the contact (customer or supplier) has when they first use the software.

Suppose you’re shifting the data from another software to DashPOS. The opening balance of the contract will be the balance amount that the contract has to pay/receive from/to you.

Opening balance for customer = Amount the customer has to pay

Opening balance for supplier = Amount you have to pay to the supplier.

Adding Opening balance

You can add an opening balance when adding/editing the supplier or customer. In the add contact screen, you will find the opening balance field.

View Opening balance payment.

To view the opening balance of contact, go to List Supplier/customer, go to view, and on the view page, you will find the opening balance & opening balance due.

Pay or receive payment for the opening balance.

Adding payment of the opening balance is the same as any other payment. Go to list Customer/Supplier -> Actions -> Pay.

It will open a popup modal where you can enter the payment amount