Hi just a quick query,
i have ( I think) entered everything correctly and ready to close my year end accounts ,
However i have noticed that when i check through on the balance sheet it seems to be adding each years opening stock together, is this correct?
Thanks in advance
Mandy
Hi @mandyandy
Have you done any other stock journals apart from opening stock? You would also need journals at the end of the year too which would move stock to the relevant nominal codes. There’s a few posts on the forum with how to deal with this - I’d recommend taking a look at a few of these:
http://community.quickfile.co.uk/t/opening-stock/11982/4?u=qfsupport
http://community.quickfile.co.uk/t/end-of-year-closing-stock-and-opening-stock/4615
Hope that helps!