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Mysterio


Newbie

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Opening Balances
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Hi folks,  
Im very new to this so I apologise if my wording/language is incorrect. confused
 
We have received the unaudited financial statements for 2006/2007 from the Accountants which include
 
Trading Profit & Loss
Balance sheet
 
I am entering them into Sage (for my own development) but am at a loss for where to start with the opening balances for the assets and depreciation
 
Any help would be very welcome.
 

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AccountantsCircle


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Hi there

Are there not notes outlining a breakdown of these?

You should have this information in the statements - bearing in mind you mightn't have full detail which one might like to include.

If you are entering the P&L account balances, do make sure you are in the 06/07 financial year before rolling over to the next to clear them to the Balance Sheet. This can be helpful for comparison reports, looking into account info etc.

Not sure if that helps much... but I otherwise really don't know what the problem might be that you are having.


John Gesch
The Accountants Circle
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John Gesch
The Accountants Circle
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Mysterio


Newbie

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Posts: 2
Date:
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Thanks John,

I will try and work through what you have said and if I come across any problems, I will give you a shout if thats ok.

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