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abacus12345


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Quickbooks online
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Not wanting to sound thick....

But - 

 

How on earth do you enter an opening balance for sales and purchases?

I have tried editing the COA, tried deleting it - still no box to input any digits into.

What is left? A journal? 

 

Thanks 



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fin6y


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Are you preparing the opening balances from an accountant's year end figures?

If yes, presumably you have a "trade debtors" and "trade creditors" figure, in which case I normally journal those totals into the 'Suspense' nominal code, and then from the Customer/Supplier list enter invoices or credit notes to account for the individual balances, also to the Suspense code. Once finished, Suspense will show a nil balance but all the debtor/creditor accounts will be correct.

F



-- Edited by fin6y on Friday 31st of March 2017 03:41:40 PM

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Faye
abacus12345


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Hi,

Thanks for the reply.

No, it's actually the simplest of things.

Debtors, Creditors, VAT where relevant is spot on.

It's the year to date sales and purchases I can't get to fit, in sage and sage one - piece of cake, in QB....

I'll try the Dr Opening balance equity, Cr Sales with the year to date Sales figure.

If that is the only way it can be done it doesn't seem very seemless, as a matter of opinion, QB is quite awkward.

Thanks

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Johnny  - Owner of an overly-active keyboard. 

A man who can read, yet doesn't, is in no way wiser than a man who can't.

 
abacus12345


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Sorted.

Unsubscribed and removed myself from the Quickbooks mailing list.

Now, where is my Sage <3

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VinceH


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LOL!

That is all.

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