Sage Instant Accounts 2012
Posted: 25 Jun 2012, 18:23
Can anyone help me, I have posted my opening bank balances, BUT they are being added into the profit and loss account. This is not correct.
Jane
Jane
They will have a contra, but that contra should predate your start date so when you run a TB for your period they will not appear.
If should all be going to one account, if you want, when you have completed all the opening balances you can journal it out of that account and put it somewhere else, eg Retained P&L, assuming you were starting at the beginning of a financial year, then when you complete all the o/b the balance would go back to zero.