Dear Sir,
I am a Sole Trader operating a Limited company in UK. I have been using your wonderful software for many years, I have no formal training in book keeping or accounting but I have manager to struggle through. My accountant can access Solar but they never give me any advise as to how to adjust my Solar accounts to match their reports.

I am getting increasingly confused with my Nominal Ledger in that some of the Accounts gain an automatic End of Year Adjustment and some do not, and should I be entering amounts through the year to make each account equal zero?

Lastly do I take my best guess as to my Opening Balances from my Accountants reports, and can I check my Closing Balances against anything?

I hope you do not think I am too stupid asking these questions and hope you can help shine some light into my little business.

Best regards, Jason Ritchie
Paintless Dent Removal Ltd

Hi Jason,

When you start a new financial year in Solar Accounts it creates an
end-of-year transaction that resets the balance of the income and expense
accounts to zero. Therefore you will normally have an end-of-year
transaction for income and expense accounts, but often not for asset,
liability or equity accounts. You wouldn't normally need to adjust these
to zero before the end of the financial year.

The best way to keep your accounts in sync with your accountant's reports
is to ask them to give you a Trial Balance report dated at the end of the
financial year (after they have entered all transactions for the year,
including any end-of-year transactions). Then use Solar Accounts to also
produce a Trial Balance dated at the end of the financial year. Then note
the differences between the two reports, and enter a General Transaction to
adjust the balance of the account so that the balance in Solar Accounts
matches the figure on your accountant's Trial Balance report.

Thank you for the information