Opening trial balance

[Toonfan99]

I've been trying TAS basics for several months and have found it to be surprisingly easy to use (when compared to Sage products!). Now if i'm to continue using it I need to work out how to enter my opening trial balances (not my bank account opening balances).

I've tried to find the answer with the programmes own help files but to no luck!

Thank you in advance.

[David Richards]

I've been trying TAS basics for several months and have found it to be surprisingly easy to use (when compared to Sage products!). Now if i'm to continue using it I need to work out how to enter my opening trial balances (not my bank account opening balances).Hi there, the info you're after should be under Getting Started in the helpfile. (Although we did update the helpfile a few months ago, the newer version is better than the old one.)

But in summary:

Select Accountants > Enter/Enquire on Analysis Codes and click Print List. (You'll find it easier if have a list of the analysis codes to hand.)
Select Accountants > Journals/Adjustments and set the date as the final day of the period covered by your opening balance (e.g. if you started using Basics to enter all transactions from 1 June 2010, then the date represented by your opening balance will be 31 May 2010).
Enter the reference as O/BAL and the note as Opening Balance.
For each analysis code enter in the value and make an opposite entry to 9999 Opening Balance Control. Repeat this for all the analysis codes on your trial balance, except for your bank accounts (as you've already entered them) and your customers/suppliers.
To enter opening balances for your customers and suppliers, you just enter an invoice in the normal way (either individually for each invoice or as one total per customer/supplier) making sure you enter them as outside scope for VAT- assuming that you've already accounted for the VAT previously. (If you haven't accounted for the VAT yet, or if you're using the Cash Accounting scheme, then you should enter the real VAT rate used in the original transaction.
Finally select Accountants > Enter/Enquire on Analysis Codes and check the balance on your Opening Balance control analysis code. If you've entered all the values correctly, the balance should now show as zero.

[Toonfan99]

Thanks I'll give it a go.