Hi
I am converting from Quickbooks.
- I can import clients
- I can import supplier
- The opening trial balance is straight forward and I can enter that manually
- Year end is 31st August
- I have 59 invoices which are part paid and the balance will be paid in the next financial year.
- The deposits received will already be reflected in the bank balance in the opening trial balance.
- VAT has been paid on all those dated 30th April or before (company has non standard VAT quarters).
- It was my intention to run Quickfile alongside Quickbooks from 1st June until 31st August and assuming that all goes to plan close off quickbooks and just use Quickfile.
But I am not sure what accounting entries I should make and how I should account for the VAT etc.
Can anybody help or is a question for an accountant versed in QuickFile?
Thank you.
Regards
Michael