Overview of Edit Outstanding in MargBooks

Process to Enable Edit Outstanding in MargBooks

Process to Edit Outstanding in MargBooks

Overview of Edit Outstanding in MargBooks

• In MargBooks, when the ledger of a debtor or creditor is maintained using the Bill-by-Bill balancing method, the software manages the ledger's outstanding bills so that the ledger balance and the bill-wise outstanding amounts match in all scenarios.

• However, due to errors during voucher entry, adjustment, or at the time of saving sale/purchase entries, some outstanding records may not appear in the Outstanding Report. In such cases, if the outstanding report for a sale or purchase entry is incomplete, the entry can be modified and re-saved to correct the issue.

• If all bills are available but the total ledger balance and the outstanding amounts do not match, the Edit Outstanding option can be used to reconcile and update the outstanding information accurately.

• Additionally, even when the ledger balance and total outstanding match, users may want to adjust individual bill balances. For example, if Bill No. 1 has a balance of 1000.00 and Bill No. 2 also has 1000.00, the total outstanding is 2000.00, which matches the ledger balance. If a user wants to change the balances so that Bill No. 1 is 1200.00 and Bill No. 2 is 800.00, the total outstanding remains 2000.00, and the ledger balance will still match. This adjustment can be done manually using the Edit Outstanding option.

Process to Enable Edit Outstanding in MargBooks

• Click on the ‘Settings’ Icon.

• In 'Control Room' option, the user will click on ‘Configure’ button.

• The user will search ‘Edit’.

• In 'Edit Outstanding' option, the user will select 'Yes'.

• Press 'ESC' key.

• Click on 'Save' button to save the changes.

• Click on 'OK' button.

Note: Manual Edit to the Outstanding Balance of a specific ledger do not impact its transaction history.

Process to Edit Outstanding in MargBooks

• Go to 'Utilities & Tools'.

• An 'Utilities & Tools' window will appear.
• In Data Management, the user needs to click on 'Edit Outstanding'.

• A 'Select Party' window will appear.
• The user will select party whose outstanding needs to be edited.
• Suppose select 'Ajay Kumar Rahul Kumar PVT LTD' and press 'Enter' key on it.

• A 'Selected Party Outstanding' window will appear.
• The user will select the invoice, whose balance needs to be edited.

After following the above steps, the user can view Outstanding will get Manually Edited in MargBooks.