I have been using Quickfile for HMRC VAT returns etc and to larn Quickfile but maintaining records on a spreadsheet. The company year has just started and I would now like to investigate using Quickfile to replace the spreadsheet. I can see two possible options.
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Clear down all old data and start again, setting balances etc to current values
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Put in some kind of balancing transactions so as to reflect the company position as of 1/9/2020.
Which would be the recommended approach and if it is the latter, how/what/where and description do I use for the balancing transaction so as to not annoy HMRC? I guess I could ask my accountant however they have been pushing for me to us their system and I like Quickfile and I can predict the response
John