Sorting out my opening balances requires deletion of invoices etc

Problem reported by Graeme Loudain 11 years ago

Hello. I now have CB running smoothly each month. However my opening balances were wrong - all my fault.

My accounting year began 1st April 2014. I made a number of entries in sales and purchases that were dated prior to that date to try to carry over the right data. That was wrong.

I now have my year end accounts as prepared by my accountant for year ending 31st March 14, so I want to go back and correctly set up the opening balances based on those accounts, which will require deletion of data.

I have completed a VAT return using CB for the quarter May to July, so April and prior invoices were not affected by this.

How can I delete various data for April and prior - not everything?

Thanks

Graeme

Solved
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4 Replies

Hi Graeme,

What you would have to do is manually delete the transactions from before the accounting period, so all transactions occurred in February and March. You would have to click on each transaction line and void it. After this you would be able to fill in the opening balance by navigating to Settings > Getting Started.

I hope this helps. Simone

11 years ago

Hi Graeme,

Thank you for your post. Could you tell me which one of your accounts this refers to, please.

Thanks, Simone

11 years ago

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