Overview
Readysell does not import existing debtor or creditor balances into Readysell lite. As a result you have to follow a procedure for transitioning debtors and/or creditors to Readysell Lite.
The recommended procedure is to start Readysell Lite with no debtor or creditor balances. Then pay our the existing balances in your old system over time. This will require you to print two statements for your customer for a period of time until the full balance on your old system have been completely paid.
Once the balance in your old system is zero for debtors and creditors. You can start just entering payments into Readysell only.
llMake sure payments for debtor and creditor open items in your old system are entered into your old system only! Also make sure payments for Readysell Lite are entered into Readysell Lite. It is very common for sites to get this mixed up and end up with unbalanced information in both Readysell Lite and your old system!
If you are using Readysell bank reconciliations you have to:
- Enter only the part of each payment that relates to your old system into your old customer or supplier system
- Enter the FULL amount of each payment into Readysell. Split as follows:
- Only the amount of the payment that relates to debtors or creditors are entered into the debtors or creditors transaction
- The Balance (full amount less amount that relates to Readysell debtors or creditors) needs to be entered as a banking. This is equal to the part of the payment, if any, that had to be entered into the old system.
Dates are important. Make sure you date:
- all payments entered into your OLD system and Readysell to a date AFTER the go live date.
- do not date any payments before the go live date. As doing so would change your openning balances. Making balancing the cut over figures very difficult.
Procedure
Customer Payments Received via Direct Deposit onto a Bank statement
- Working off a bank statement, reconcile and work out what direct deposits should be entered into which system.
- Insert the payment onto the right system, correct customer card, dating it as per the bank statement date and allocate the payment against the outstanding open items
- Run a list of customer payments of both system or a bank deposit report and reconcile back to the bank statement.
Customer Payments received either in a form of Cash/Eftpos or Cheque
- Work out what payment belongs onto what system. Insert the payment onto the right system, correct customer card, dating it the date received with the correct tender method and then allocate the payment against the outstanding open items
- Run a list of customer payments off both system or a bank deposit report and reconcile back to the physical amount received.
- Bank your cash and cheques and settle your eftpos device
Supplier Payments made via electronic lodgement
- Work out which supplier open items needs to be paid from each system
- Run a list of supplier open items from each system and reconcile back to the supplier statement
- Pay each supplier from each system, dating, tendering correctly and allocating against outstanding open items
- Run a supplier payments list view or report and check the payments made before making the payment directly from the bank account.
Customer Trial Balance
Run a customer summary trial balance from each system
In readysell:
- Log onto readysell>reports>form reports>customer trial balance summary F-017
- Highlight one of the Parameters and click 'show report using paramater'
- Enter start and end date
- Report will appear to screen
Supplier Trial Balance
Run a supplier trial balance summary from each system
In readysell:
- Log onto readysell>reports>form reports>supplier trial balance summary F-019
- Highlight one of the Parameters and click 'show report using paramater'
- Enter start and end date
- Report will appear to screen
Customer Statements
Run statement from both systems until there are no open items outstanding in the old system
In Readysell you extract a customer Statement Email Batch run, or you can run statements manually from cards or Form Report based upon what the statement method is set on the customers card.
If you have some of your customers set to Print Statement then you will need to run the statements from within the Form Report see link Statement of Account Statement of Account (with Remmittance)
If you have customers setup to email, you can run the Statements Email Batch see link Sending customer statements using an email batch
Running Statement from within Cards
- Log onto readysell>Cards
- Drop the top filter and select 'Customers with balances"
- Highlight each customer individually and click on Show in Report and select the right statement layout
- The statement will appear to screen, click on one of the email options from the previewer
- Check the email address
- Click on Send