how to enter previous years closing balances then to start new finacial year

margaret_9248620

Yes i have my statement with trial balances from accountant, i would like to enter the closing balances into reckon before i start a new financial year. I never used an accounting package i started an new company with an opening bank account balance but i want to know the best way to create closing balances for the accounts

Datarec

Hi Margaret,

You will need to use the Journal Entry function in the Reckon Accounts Hosted application.

Click on the Company menu
Select Make Journal Entries


Enter a journal entry with the appropriate date such as the end of the previous financial year.



For additional information:

Click on the Help menu
Select Reckon Accounts Help

Regards,

Data Recovery Team