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Opening Creditor Balance is a prepayment

Hi

A client has recently gone from being Ltd to a sole trader and as such I have set up a new QuickFile account. His energy account to carry forward is in credit but I don’t seem to be able to set an opening balance in credit and if I create a prepayment it wants to bring it in from a specific bank account.

Thanks

Hi @PinnacleBK

You may find the following thread useful which follows a similar situation:

Of course, if you need further help, please do let us know :slight_smile:

Thanks. I did a search but wasn’t able to find anything which helped. That is sneaky. I’ve done it a slightly different way but hopefully it should produce the same effect.

Debit bank with the amount of the prepayment
Credit bank capital introduced with the same amount
Both transactions dated the day before the new accounting period