Hi, I took over my own accounts after my accountant made lots of mistakes and I have backtracked over the past two years of accounts trying to follow what she had done and correct mistakes. My year end is due on April 5th and I want to draw a line under my accounts as I have changed the business moving forward (due to covid) and have simplified how my business works and have reduced my overheads significantly
I would like to know, in my current quickfile account, is there a way to draw a line under all of my accounts including bank balances (so I can start a fresh from April 6th) I would like to ensure my accounts are more manageable moving forward and that when I enter sales, purchases and bank statements they all tally and match up.
Im not sure if this can be done or should I continue with what I have to carry over into the new financial year and just review my accounts post April 6th to filter out all other entries however this will still not tally up my opening and closing bank balances.