Pending/Aged Receivables
Posting to an Old Receivable Account –
Add one new account in the Chart of Accounts to handle pending Receivables from the old accounting system. Go to: Settings > Chart of Accounts, New, Enter: Account # 011150 (example), Name: Old Receivables select Current Asset, Group Other, Save. Beginning Balances for Old Receivables will be posted in Orion to this account as one total.
Print detail from the old accounting system as well as a copy of all pending invoices. This will assist with tracking for old Receivables, as Invoice details will not be entered into Orion for previously invoiced guests.
Recreating the receivable detail in Orion-
Aged receivable details can be entered into the Orion database, however it is a manual process and may be time consuming depending on the size of your Accounts Receivable Aging.
*Affected Accounts: Receivables Account, Revenue Account/Accounts