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Sammy76


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New clientI
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I have a new client (Already mentioned before in a couple of other posts). He has yet to sign the LOE although thats because I haven't dropped it round his yet. My reason for holding off is that he is engaging my services to start from April 2012 onwards, and he wants me to transfer everything from Excel to Sage. I've said I can do it but I need all the complete year end figures to enter before I can start. He wants me just to go ahead with the figures he has so far, which are the suppliers figures and then enter everything else asand when he sorts it. I want to start this job properly, so am I right to say I need the complete Year End figures so I can enter the opening balances before starting or should I just start how he wants me to start? 



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ADAS


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It depends how confident you feel. It's certainly a bit messier to start mid-year without opening balances but not impossible.

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Tony

Responses are intended as outline only. Formal advice should be sort from your Institutes Technical Department or a suitably qualified Accountant.
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Sammy76


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When he finally gets me the 'opening balances' is it easy enough to just journal them, if I've already started entering transactions?

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gillyfleur


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If you have a list of supplier balances you can start with just those as they will default to suspense. Once you have a full TB you will enter the trade creditor figure to the opposite side of suspense to clear. Be careful of making him think you're not confident or he may move on

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Sammy76


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Thanks, it wasn't so much that I'm not confident in what to do myself, but I can see me having to badger him to get these figure, so would've preferred to start with everything I needed outright.

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