Forum

• # 72179
• Tue 14 Jun 2011 03:14 PM

Good day lovely people, just a quickie question... 

Please excuse my stupidity...I have done this quite successfully before but I'm having a brain freeze...I've googled it but I can't seem to find a definitive answer.

I have a new client. I am migrating their data from Access Accounting to Sage Instant. Their year end date is 31st Dec. I have the closing TB from the Accountant.

Do I put the O/Bal TB as 1/1/11, or 31/12/10? Or do i put a closing TB as 31/12/10?

I know I need to list out the individual debtor and creditor balances dated 1/1.    

Additionally, do I list all the previously unreconciled bank transactions?

TIA

Helen x

• 
  Quote
  

• # 72215
• Wed 15 Jun 2011 01:48 PM

Hello

If you think about it, they are opening balance, so I would put them as 01.01.11.  The year end 31.12.10 has been closed off.

I would also detail the unreconciled bank items as these transactions have not quite been finished with yet.

I hope this helps you.

• 
  Quote