Prepayments when converting to QuckFile

Support
1

Hi

I am converting to Quickfile from Quickbooks and I have a number of prepayments to bring across. But using an example is probably easiest.

I paid the insurance premium on 1st June and part of the premium relates to the next financial year. eg

Invoice £1,000
Prepayment £250

What are the entries to bring the £250 into the 25/26 financial year?

How do I enter the prepayment into quickfile?

Thank you,

Regards

Michael

2

Best enter the full TB from QB to QF on switch date, that should account for all prepayments and accruals in things are finalised on QB

3

Thx.

Regards

Michael

4

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