Load Opening Balances

abee

Hi - I am on Reckon One  and I'm a newbie.

How do I load my opening Trial Balance and the opening Balance of my two Bank Accounts.

gazza73

Allister


You need to create one simple overall JOURNAL that represents your existing trial balance.  In Reckon ONE you can use MENU:  Advisor   -->  Submenu:  JOURNAL  -->  ADD  

Setup all your balance sheet entries accordingly.

Now, if you want to split up your A/R and A/P .... that's a different story.  But to get the ball rolling,  you can do the above step and create a NETT entry to say, a SUSPENSE account representing the overall net balance of A/R and A/P in that SUSPENSE, and negate it with a corresponding PAIR of journals later.


Gary Pope
m: 0408994799 
An Accredited Partner- Consultant (VIC. Aust)
http://www.alchester.com.au/reckon-ac...
"Working with Accountants/Bookkeepers PPs/APs, as an
independent IT Professional and retired FCPA Accountant"

Anabela De Abreu

Hi Gary,  how do you split A/R and A/P opening balances please?  Projects and customers all set up.
Thanks