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• # 71617
• Tue 31 May 2011 04:16 PM

Hello,

Can someone help me with a scenario. When you put opening balances into sage do you have to clear The debtors control account and the creditor control account and the Suspense accounts?  Any help would very much be appreciated,

Kind Regards

Paula Welsh 

• Hello all,
  
  i just noticed we have a forum, just poking around the members area.  My name is Paula welsh and I have been a member since 2005, starting with Associate member and now a full member

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• # 71685
• Thu 02 Jun 2011 01:29 PM

paulawelsh said:

“Hello,

Can someone help me with a scenario. When you put opening balances into sage do you have to clear The debtors control account and the creditor control account and the Suspense accounts?  Any help would very much be appreciated,

Kind Regards

Paula Welsh ”

• gwizz
• 
  Quote
  

• # 71765
• Sat 04 Jun 2011 03:15 PM

gwizz said:

“paulawelsh said:

“Hello,

Can someone help me with a scenario. When you put opening balances into sage do you have to clear The debtors control account and the creditor control account and the Suspense accounts?  Any help would very much be appreciated,

Kind Regards

Paula Welsh ”

---

Hi Paula

When setting up a new company on Sage you should enter your customers and supplier balances first this provides a double entry in the debtors/creditors control and the suspense.

You should then post a journal to these accounts to get rid of the balances. Then you can enter your brought forward balance in your nominal, which will include debtors/creditors balances.

If you don't do the journal before entering your nominal balance you would end up with the debtors/creditors balance twice.

Hope this helps

Regards

Gail
”

• Hello all,
  
  i just noticed we have a forum, just poking around the members area.  My name is Paula welsh and I have been a member since 2005, starting with Associate member and now a full member

• 
  Quote