The opening bank balance amount is showing in the Suspense account (9998) and is reducing the Expenses on the P&L report by that amount, making it wrong.
Have I posted it incorrectly.
The reason it’s in the suspense account is because quickfile doesn’t know what the opening balance is made up of.
It could be sales, retained profit or anything.
You need to create a journal and split the suspense account amount to the relevant nominals.
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Great, thanks for the advice, I’ve journaled it to retained profit
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