Opening Balances

Question asked by Joanne Parry 8 years ago

I am bringing a client onto Clearbooks from a different accounting software and am entering teh opening balances but can't find a PnL Account on the Balance Sheet or an historical retained earning code. Do I just make one or put the opening balance to retained earnings?

thanks

Write reply5

5 Replies

Welcome aboard.

You'll find it slightly different to some to begin with (wages and HMRC ending up in trade creditors for one) but once you get used to it it's a great system.

Feel free to post away with any queries you may have...

Best answer
8 years ago

Hi Kevin,

thanks for your respond but I asked an and or question so not sure which one you are saying yes to. haha. :)

8 years ago

Sorry, retained earnings.

8 years ago

Ok brilliant,

it's my first client in Clearbooks so I want to make sure i get it right from the beginning where possible. :)

8 years ago

Welcome aboard.

You'll find it slightly different to some to begin with (wages and HMRC ending up in trade creditors for one) but once you get used to it it's a great system.

Feel free to post away with any queries you may have...

Best answer
8 years ago

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