SageForum for UK versions of Sage 50- Help and support.

Hi I need some help actually I was preparing my final accounts first I did my adjusting entries after doing adjustment I did year end after doing year end sage closed all expense and purchase , sale and transfered profit in profit and loss accounts in sage. now in sage sage showing only balance sheet items in balance sheet sage showing accrual and prepayments as well what should I do with accrual and prepayments. shall i reverse them.and How I will start my new year do I need to any opening entry .

please help me and let me know asap.




best regard

What you are seeing is normal, at the end of the year the P&L is journalled into retained P&L and we start afresh