1 Reply


As you are creating an opening creditor the P&L account you choose will not matter because whatever you choose will effectively get rolled up into opening retained earnings.

In terms of the VAT - we include that so that a VAT return post starting on Clear Books will pick up any opening bills. The work around would be to choose a VAT treatment out of scope.



Reply to this question

Attach images by dragging and dropping or upload

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are