Opening balance to include GST transactions

Owned by Syeda Nuzhat Tahseen (Unlicensed)
2015-Jul-01
1 min read

Current financial year: 1 Nov 2014 to 31 Oct 2015
Tax Year: 1 April - 31 Oct

Customer planned to migrate accounting on 1 Nov 2015, but how to set the financial year and opening balance as our system locked the financial and tax year once first filling is done?

 

Step-by-step guide

  1. Opening for supplier outstanding - from April - key in month by month; separate nonfiled transactions (exact transactions with credit memo and specify item code in remarks). Before April - possible to sum up all.

  2. Opening for customer outstanding - from April - key in month by month. Opening from before april - can sum up all.

 

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