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If you want the data held in Sage Accounts to be an accurate reflection of your company, it's really important to enter correct opening balances. Doing this means you can produce accurate financial reports and complete accurate bank reconciliations and VAT returns. If you don't enter opening balances or your opening balances are wrong, you'll start off with inaccurate information and the figures within the software will be unreliable. Opening balances consist of information such as:
To help make the process of entering your opening balances as easy as possible, we've designed an Opening Balances option, so you can enter all the information from a single list.
Click the image to the left of the step you want to complete.
Enter the required information. When you have finished entering information, to finish the step click OK or Save.
When you complete a step, the check box to the right of the step is automatically selected. If you have completed the step outside the wizard you can manually select the check box.
Tip: If you are unsure what information to use, click the ? to the right of the step.
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