Load Opening Balances
abee
Member Posts: 7 ✭
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.
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Comments
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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"
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Hi Gary, how do you split A/R and A/P opening balances please? Projects and customers all set up.
Thanks
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