I have been setting up Quickfile and have come across a couple of issues for my usage/needs. Any help would be appreciated.
I am Treasurer for a “club” (not an accountant). Our financial year starts on October 1st. Therefore I intend entering all transaction from 01.10.2018. I don’t think my existing package will export the information to enable me to import into Quickfile. Therefore I’m adding every transaction manually.
Issue 1. Our members pay monthly subs in advance. No invoice is raised until October 1st. I can see that I can do this with prepayments. When I set the client up, I added a prepayment before October 1st. I then set the bank starting balance on October 1st. However the ending balance at the bank(today) is far in excess of what it should be.
Issue 2. I’ve set the account up as a Sole Trader. I’m not sure this is correct. Please advise on which type of company I should use.
Issue 3. As I’ve been “playing” with the account I’ve set up, I’ve come across these issues. I assume I can delete everything and start again if I needed?
Issue 4. Million Dollar question. I found Quickfile through Google and have no knowledge of it. I would appear to fit my needs as I require an online accounts package. How do I know it will be around this time next year. What/whos behind it? No offence.