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

Hi
I have run my year end and have entered my debtors control opening balance and my bank/building society balances. I now have a corresponding entry in my profit and loss account as the sage help advised me to use this account when doing journal postings. Is this correct as it also said that the balance should be nil? How do I achieve this and still have my opening balances. I have read quite a lot of instructions on how to do this and I am still confused. If I need to do corrections can you give me step by step instructions please. Thanks.

entered my debtors control opening balance and my bank/building society balance

There is no reason to alter the opening debtors or bank balances as they should be correct already.

If they are not correct then you need to fix the transactions that are incorrect before you do your year end.

I am guessing that you have an accountant who has told you to do this and you are doing as you have been told.

Your accountant is wrong to try and make these adjustments, because if you do you will have

Errors on debtors control and items on the bank rec that will not bank rec!

The way around this is to create new accounts call then "Auditors Debtors Adjustment" and "Auditors Bank Adjustment" create them next to the existing accounts don't make the bank into a bank account just leave it as a nominal and do your journal into those.