Im confusing my self here.. When entering opening balances do you use the first day of the new period or the last day for the previous period (as in Balance sheet accounts)
Enter the closing balances from the trial balance as were used to create the accounts on the last day of the previous period.
There may (or may not) be some period end adjustments to Journal.
Your opening balances should then be a true reflection of the accounts on the old system before moving forwards into the new period.
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Shaun
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