Hope all is well. Just a quickie about a new ltd company.
Two business' ran out of the office where I work, with two sage packages for each (different pcs). One of the company's closed down but now my boss has started a new ltd company and we would like to start using the abandoned sage package. How do I go about clearing the bank balance on it? It had been slightly set up before our book keeper retired and has bank account information for an incorrect bank account as we have set up a new bank account for said new company. So I want to bring the bank balance back to 0.00 instead it is showing £16,000 or so on it.
Hopefully this is such a simple question, someone will take the time to help me out. Sorry for the lack of book keeper speak but I am new to this and work best in lay man terms.
You should really clear the whole company file and start a fresh, if this is a brand new company. One assumes the accounts and tax returns for the closed company have all been sorted, but take a back up for safety.
After you have backed up, go to file/maintenance and rebuild. That wipes all data from the old company.
You would then need to review the year end date for the Ltd Co and change if necessary
(before you post anything, check if the accountant intends to move the year end, first. Some companies opt to have a 31 March year end date, and change it at companies house - you need sage to have the same year end date as the accounts will have)
and has bank account information for an incorrect bank account as we have set up a new bank account for said new company. So I want to bring the bank balance back to 0.00 instead it is showing £16,000 or so on it.
