That’s an excellent set of tasks to follow -
My main issue I have is starting balance journal entry thingys. I always end up with errors. I watched a video today on double entry ledgers to work out what is in what column. I can import in all the account codes - I can refer to those pretty easily as I’ve worked with them for three years, but every time I’ve had to do a journal entry it’s just not worked because I can’t make sense of the dr and cr things.
I am the only user. I could start off with the last financial year records -we don’t do high volumes of transactions.
I am a farmer - there is no point of sale equipment and I have a separate billing system which is automated, I guess it’s more of a cash books transaction and then if I can really grasp it - I’d switch my payroll system into Manager if it was compliant with single touch payroll. My payroll is simply casual backpackers at this stage.
So for me, journal entries for the initial balances would be where I would need some help I think. Thank you for asking.