I have a client who is a Ltd company. I have been looking after her bookkeeping for the past year and have used a simple excel system uptil now. She now wants/needs to use Sage to get more reports and information. Her year starts on the 1st of April 2010 and I have said that I will start the new year using Sage. what is the best way of starting. do I just start inputting all new data in from 1st April? I can input all outstanding debtors and creditors/bank account & credit card details but is there any other data that I should be asking from the client/her accountant?
any help would be appreciated as this would be the first time I have actually used Sage!!!
i would think you will need all accounts details which ones you would open anyway in manual books...are you new to sage only or are you new to computerised accounting softwares in general?
Enter everything from April onwards as per normal. You will probably have payments and receipts relating to pre-April so you will need to ensure your creditors and debtors are on. When you put these balances on you will need to clear down suspense. I should talk to the accountant for opening balances to journal on, but since the year end has just been completed it may be a while before you can get them. I think I would be tempted to leave all balances until the accountant has provided o/bals for you and when reconciling the bank etc just carry the difference on.
