I have limited accounting knowledge and am trying to wrap my mind around what steps need to be accomplished in order to go live with accounting in OpenERP. We have been using OpenERP 6.2 for over a year now primarily for its MRP system and have not been fully using the accounting module. This means that there are a lot of supplier and customer invoices in the system, which have not been reconciled.

At this point, we want to mark as paid the majority of invoices in the system, leaving the ones that have not been paid open and entering into the system starting balances from our actual bank account. We will then be more proactive about reconciling invoices and entering in other monthly bills (rent, payroll, etc).

Any help on this process would be much appreciated. Can anyone confirm that what I described above is more or less the way I should go about this process?