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Shelly


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Opening Balance, Help...:)
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Hello,

I would like to ask something. My partner's company was opened 2 years ago and only last November, the 15th we had to register for vat. Now from that day we want to use sage. I've started putting all suppliers invoices and sales invoices into sage dated from 15 Nov 2010. We never used it before. We had an accountant who would deal with all the taxes and accounts. I'm sure she didn't use sage. My question is do I need to enter some kind of opening balance. I'm not sure what to do and our accountant hasn't been very helphul.

I'm sorry if it is not very clear what i'm asking for but this it exsactly as I feel now...;)


Thank you in advance.

Shelly



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MarkS


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Posts: 1501
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Hi Shelly

See my reply on your other thread as what you need to do.

Regards

MarkS



__________________

Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
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