I am an officer of a small Cricket Club with around 300 members (225 juniors). Most of our recent paper-based accounting records were destroyed in a warehouse blaze in October and I am attempting to use Quickfile to assist the Club Treasurer in getting things back on track and establish a more robust system of record keeping.
I’m having fun getting to grips with bank feed, tagging, receipt uploading, creating appropriate nominal accounts for our purposes etc.
Can anyone explain to me how I can create a correct ‘opening balance’ for our current financial year 01/01/18 to 31/12/2018) in Quickfile? For example, we received a number of payments towards our 2018 ‘100 Club’ draw back in November and December 2017 which are really attributable to the current financial year. Should I simply manually import these and how would I reconcile these with the existing opening bank balance (as of 01/01/2018) that I have previously input manually?
Conversely, we have a number of receipts this year which are delayed payments generated by events (e.g Club Annual Dinner) held last year that I’d like to ‘remove’ from the current financial year.
Any advice for the layman on the best method of dealing with this in accounting and Quickfile terms much appreciated!
Thanks,
Jonathan
