Switching from other account during book year

1

good morning - may be an obvious solution to this but I cannot find it…
as stated we are switching ( or hoping to ) to Manager during book year - have worked out how to transfer all existing balances but for “Sales” … can somebody please explain how to enter existing turnover figures ??

thanks

2

Firstly create your balance sheet balances including the total retained earnings to date - opening balance + current period earnings. Once you have these balances set you can move on to the P&L.

To transfer your P&L figures for the period to date, create a Journal Entry dated the last day of the previous system listing all the income & expense accounts with their balances. Put the balancing figure to the Retained Earnings. This Journal will put both debit and credit entries into the retained earnings account (as that is how Manager works) so its balance will remain unchanged.

3

thanks very much - can see it now…