We started using Quickfile on 1 Jan 2019 - the start of our financial year. As our VAT period ran Nov 18-Jan 19 we decided to put in our figures just for Nov 18 and Dec 18 so Quickfile could calculate our VAT - that worked fine . However we’re now looking at getting our accounts ready for our accountant to look at for 2019 and the two months in 2018 are messing up things as far as the balance sheet is concerned. So my questions are:
- Should we run the end of year tool to close off 2018?
- Although we traded for the whole of 2018 we only used Quickfile for the Nov and Dec so the closing balances are all going to be incomplete. I have the proper closing balances for 2018 off our accounts so do I need to make manual entries in Quickfile for these - I am assuming via journal entries -I don’t have csv files - the old accounts were done on a very confusing spreadsheet hence the move to Quickfile. If so do I do this before running the end of year tool?
Apologies if that’s a bit rambling but hopefully my questions make sense!
Thanks in advance for any answers.