Hello

For my existing business I have created a set of accounts and entered opening balances for the balance sheet accounts.

I don't need balancing for the P&L sections, but I would like to record last years figures (just one figure not month by month) for comparative purposes.

Have you got a procedure I can follow to arrive at the situation I want please?

I've tried entering just one massive sales invoice for a dummy customer and one massive invoice on the purchase side for all last year's purchases and expenses. I get the figures I want when I print a P&L report, but the Accounts Payable and Receivable have gone up, as you would expect, so now they show an incorrect figure.

Hope that makes sense!

Hi Clive,

Click menu File > New > General Transaction, then tick 'Multiple Accounts' and enter the income accounts in the 'From Account' table and the expenses in the 'To Account' table. Add an extra line in the To Account table allocated to 'Balancing Account' so that the transaction balances. This transaction should be dated in the last financial year.

Regards

Thank you Mark.

Happy New Year.

Clive