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Post Info TOPIC: Opening Balances from b/f trial balance
jlb1988


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Posts: 11
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Opening Balances from b/f trial balance
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Hi,

 

I have entered most of the opening balances into sage however there are a few which im not sure how to deal with them-

1) Manual Adjustments I have a figure for this however no back up do I just set up a nominal code and enter the opening balance or do I need a breakdown

2) profit and loss Figure- What do I do with this?

 

Thanks in advance



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FoxAccountancyServices


Expert

Status: Offline
Posts: 2021
Date:
Permalink Closed

Hi there

You can enter manual adjustments to the manual adjustments code for now, and then you may wish to do a further journal later which will reverse this to its respective code.

Code 3200 is the profit and loss reserve account.

Cant really give you more than that, based on what you have written, I am afraid.

HTH

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