I’m not afraid to ask a daft question so here goes:
Just doing a sanity check on my data entry process, before talking to the accountant.
I’ve entered all the data into Qf and produced the first set of reports.
If i deduct the Opening balance from the Yearly Transactions I get the Closing Balance, & if I deduct the Closing Balance from the Yearly Transactions I get the Opening Balance. Finally if I add the Opening & Closing Balances together they equal the Yearly transaction number.
Obviously, I could have mis entered or transposed numbers, but as a overview does it seem that all is ok with the process so far?
Txs in advance