I have just recently started to use Quickfile. I am an intern trying to fix the accounts of a relatively small company. Can I input data from previous years financial statements to build a platform for the present accounts, or do I have to enter all transactions in manually ???
You just need opening balance sheet for this year to start with, no need to enter whole transactions again
So I dont need to enter in the previous year accounts???
no not full accounts just closing balance sheet as opening balances
Great, thanks for your help
Although you don’t have to, could you just for record keeping purposes (e.g. electronic copies and matching transactions to those records)? Or is this likely to make your records worse by transferring it all over?
You can if you like, but it will be extra work, keeping backup in electronic form is good enough, it does not have to be in current system