Opening Balances
Question asked by Charles Edward Robertson 7 years ago
I am new to Clear Books. How do you enter opening balances for prepayments and accruals?
Hi Charles - if it's any help, rather than use the Opening balances feature (under dashboard) or journals for individual items, I find it far easier just to import the full TB (excluding any trade debtors/creditors) as a journal (Tools>Import>Overview>CSV import>Journals)
Best answerThanks!
I'll definitely include this in future training sessions!
Tommy
Thanks Tommy - shame there are no Partner workshops anymore - this was always mentioned.
Ah wow - thanks Paul! That indeed would be a much easier way, I hadn't actually considered that before; thank you for the fantastic response!
Tommy
Hi there,
I would suggest creating the prepayments and accruals account code through Settings > Accounting > Account Codes. Once complete, you can then input the opening balances via Tools > Journals.
Tommy
You must 