Hi Jessica Lewis ,

Thanks for reaching out! To address your concern about adjusting the closing balances for months you did not use Sage, the process involves entering all transactions from the period before you started using Sage to ensure your accounts reflect accurate balances.

Here’s a brief overview to guide you:

1. Enter Past Transactions: You'll need to manually enter or import transactions from May to September before you began using Sage. This includes all invoices, payments, and other financial activities to ensure your opening balance as of your start date in Sage is accurate.

2. Reconcile Your Accounts: After entering past transactions, you can begin the reconciliation process. Reconciliation in Sage involves matching the transactions you've entered with those on your bank statement up to the end of your statement period. This ensures your Sage balance aligns with your actual bank balance. For a detailed guide on reconciling your bank account, please visit How to reconcile a bank account.

3. Understanding Balances: It’s also helpful to understand the difference between the Balance and Today's Balance within Sage. The Balance includes all transactions, including future-dated ones, while Today's Balance reflects transactions up to today's date, offering a more accurate picture of your current bank balance. For more on this, check out Why Is There A Difference Between the Bank Balance and Today's Balance?

Hope this helps! If you encounter any issues or have further questions, don't hesitate to reach out for support.

Warm Regards,
Erzsi

Hi Jessica Lewis ,

Thanks for reaching out! To address your concern about adjusting the closing balances for months you did not use Sage, the process involves entering all transactions from the period before you started using Sage to ensure your accounts reflect accurate balances.

Here’s a brief overview to guide you:

1. Enter Past Transactions: You'll need to manually enter or import transactions from May to September before you began using Sage. This includes all invoices, payments, and other financial activities to ensure your opening balance as of your start date in Sage is accurate.

2. Reconcile Your Accounts: After entering past transactions, you can begin the reconciliation process. Reconciliation in Sage involves matching the transactions you've entered with those on your bank statement up to the end of your statement period. This ensures your Sage balance aligns with your actual bank balance. For a detailed guide on reconciling your bank account, please visit How to reconcile a bank account.

3. Understanding Balances: It’s also helpful to understand the difference between the Balance and Today's Balance within Sage. The Balance includes all transactions, including future-dated ones, while Today's Balance reflects transactions up to today's date, offering a more accurate picture of your current bank balance. For more on this, check out Why Is There A Difference Between the Bank Balance and Today's Balance?

Hope this helps! If you encounter any issues or have further questions, don't hesitate to reach out for support.

Warm Regards,
Erzsi