I started using QF, using a closing trial balance from my accountant as of 04/09/20 and have been using it ever since. However, I’d actually prefer to have a detailed set of accounts for the whole company year, which runs from Dec 01 to 30 Nov.
Can I simply adjust the existing trial balance or should I delete it and create a new ‘opening balance’ (for the start of the company year) from Account Settings > General Settings?
From there, I assume I just need to add the missing data for Dec 01 2019 to Sept 03 2020 (sales, purchases, payroll journals and bank statements) - is that correct?
Re VAT - I’ve been using QF to file my VAT returns. Obviously, I don’t want to re-submit anything, so do I change the Vat Filing Start Date in VAT Settings or leave it as is? If I leave as is, will QF create the missing VAT journals or do I need to do that myself?
I think I’ve covered everything, but wanted to check before I inadvertently ‘break’ my account. Are my assumptions correct have I missed something?
Many thanks in advance!!