Setting up new account - how to record previous year's loss

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Kez Ptolemy
Kez Ptolemy Member Posts: 3 ✭
edited August 2019 in Reckon One
I'm setting up the trial of Reckon One and have entered all transactions for this FY. My sole trader business made a loss last year (still starting out) - how do I record that so that it shows on my P&L report?

Thanks! (I have very basic accounting knowledge but have previously used MYOB for my ex-husband's business).

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  • Kez Ptolemy
    Kez Ptolemy Member Posts: 3 ✭
    edited November 2016
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    Do I do this as a journal entry? I think I'm stuffed because I started the book as at 1/7/16 so it won't let me record an entry prior to that.
  • Kez Ptolemy
    Kez Ptolemy Member Posts: 3 ✭
    edited November 2016
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    Bugger... Looks like I'll have to start again - luckily there's not a huge amount of entries. But that's a problem for another day :) Thanks heaps, Kevin.

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