Initial Balances Setup

Enter your existing balances into ProContractor.

Complete the Posting Group Setup process first.
General Ledger Initial Balances
  1. Enter existing general ledger balances on the Enter General Ledger Initial Balances screen.
  2. Review the general ledger balances in the posting group on the General Ledger Initial Balances and Posting Journal screen.
  3. Post existing general ledger balances on the Post General Ledger Initial Balances screen.
Vendor Invoice Initial Balances
  1. Set up existing vendor invoices by entering them manually and/or by importing them from a Microsoft Excel or TSV file.
  2. Review the vendor invoice balances in the posting group on the Vendor Invoice Initial Balances Posting Journal screen.
  3. Post existing vendor invoices on the Post Vendor Invoice Initial Balances screen.
Vendor Pre-Payment Initial Balances
  1. Enter existing vendor pre-payment on the Enter Vendor Pre-Payment Initial Balances screen.
  2. Review the vendor pre-payment balances in the posting group on the Vendor Pre-Payment Initial Balances Posting Journal.
  3. Post existing vendor pre-payment Post Vendor Pre-Payment Initial Balances screen.
Inventory Initial Balances
  1. Enter existing inventory balances on the Enter Inventory Initial Balances screen.
  2. Review the inventory balances in the posting group on the Inventory Initial Balances Posting Journal screen.
  3. Post existing inventory balances on the Post Inventory Initial Balances screen.
Customer Invoice Initial Balances
  1. Set up existing customer invoices by entering them manually and/or by importing them from a Microsoft Excel or TSV file.
  2. Review the customer invoice balances in the posting group on the Customer Invoice Initial Balances Posting Journal screen.
  3. Post existing customer invoices on the Post Customer Invoice Initial balances screen.
Customer On Account Initial Balances
  1. Enter existing customer on account balances on the Enter Customer On Account Initial Balances screen.
  2. Review the customer on account balances in the posting group on the Customer On Account Initial balances Posting Journal screen.
  3. Post existing customer on account balances Post Customer On Account Initial Balances screen.
Project Initial Balances
  1. Enter existing project balances on the Enter Project Initial Balances screen.
  2. Review the project balances in the posting group on the Project Initial Balances Posting Journal screen.
  3. Post existing project balances on the Post Project Initial Balances screen.
Contract Invoice Initial Balances
  1. Enter existing contract invoice balances on the Enter Contract Invoice Initial Balances screen.
  2. Review the contract balances in the posting group on the Contract Invoice Initial balances Posting Journal screen.
  3. Post existing contract invoice balance on the Post Contract Invoice Initial Balances screen.
Equipment Initial Balances
  1. Enter existing equipment balances on the Enter Equipment Initial Balances screen.
  2. Review the equipment balances in the posting group on the Equipment Initial Balances Posting Journal screen.
  3. Post existing equipment balances Post Equipment Initial Balances screen.
Subcontract Initial Balances
  1. Set up existing subcontract balances by entering them manually and/or by importing them from a Microsoft Excel or TSV file.
  2. Review the subcontract balances in the posting group on the Subcontract Initial Balances posting Journal screen.
  3. Post existing subcontract balances on the Post Subcontract Initial Balances screen.
Payroll Initial Balances
  1. Set up existing payroll balances by entering them manually and/or importing them from a Microsoft Excel or TSV file.
  2. Enter existing paid time off balances on the Adjust Paid Time Off screen.
Once you complete the initial balances setup process, you are ready to use ProContractor.