Load Opening Balances

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abee
abee Member Posts: 7 ✭
edited August 2020 in Reckon One

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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  • gazza73
    gazza73 Accredited Partner Posts: 803 Accredited Partner Accredited Partner
    edited February 2017
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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"


  • Anabela De Abreu
    Anabela De Abreu Member Posts: 2 ✭
    edited August 2016
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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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