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Help with Fusion

  • 47 posts
  • # 71040

I have just started using fusion and am trying to post opening balances.  Can anyone please tell me how to reset the balances as I ran a trial balance which is wrong.  When I go to redo the nominal adjustments its doubling my figures in the trial balance.  I would just like to set my balances all to zero and start again!

Also for posting an opening balance to  'capital account' which account should we be posting to or do we just create a new account.  Thanks for your help
nikki1101
  • 48 posts
  • # 71042

Hi i made the same mistake as you!! you will need to reverse  your entries by going to transaction audit trail and reversing the entries(tick the little box next to the wrongly posted entries and reverse them) then you can post them again, you will need to create a new nominal account for capital as there isn't one there for you to use.

Hope this helps
nikki1101
  • 48 posts
  • # 71043

Or an easier way is to get fusion to set you up a new business it only takes them 5 minutes and you can start fresh

Edited at 20 May 2011 01:18 PM GMT
nckbooks
  • 328 posts
  • # 71045

Hi Shazans,

I agree with Nikki.

it is best and easier to add a new client .
You will be starting from Scratch.

I do not know if you are aware but you can also reverse transactions from the audit trail.

Hope this helps!


Nathaliexxx

  • Provide bookkeeping and virtual accountancy assistance service in English and French @nckaccountancy.
    West Essex Twitter:http://nckaccountancy.co.uk
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  • 47 posts
  • # 71047

thats great, thanks for your help
  • 47 posts
  • # 71170

Hi,
Have a feeling this thread will expand as I work I my through fusion! My query is

Invoice reference numbers that have been created in the alias field do not show on supplier reports, only system generated ones.   The same goes when making supplier payments with these invoice numbers.  In fact I haven't tried yet but I assume then that this will be the same for all other reports as well.

In the actual exam would we get marked down for this as fusion does not seem to have the ability to do this. 

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