HELP - Opening balances

Hi - totally new to Sage and i have a free trail for Sage final accounts and having trouble with opening balances.

i do not have data on SAGE one and am looking to produce mock YE accounts.

i have posted my comparative TB which is fine and my current P&L but my question is how to i get my opening figures for Debtors, creditors and bank to roll into current year?

any articles i find is for system that already use sage but i only want to input opening balances to produce accounts.  

any one help how i get opening balances for current year?

  • Hello Shauna - Thanks for your query.

    The nominal's we provide for Debtors, Creditors, and Bank do not have specific codes for opening balances. Instead, the codes you post to are brought forwarded year on year i.e when creating a new period you have a tick box option to post opening balances which puts the Creditors, Debtors and Bank forward into the same codes you originally posted.

    I hope this answers your query.

    Kind Regards,

  • in reply to Sage Employee

    I'm new to  Sage Production.

    I have a problem when I enter my profit and loss figures in a journal.

    The difference between my income and expenditure is of course my profit.

    However, I can't see a nominal code for the profit. The journal is out of balance.

    Can anyone advise, please.