Currently on hold with Sage... hoping for a quicker response here!
I have processed my first year end in Sage One (which according to the guide is simply 'change your year end date in settings - no need to post journals or move values from your P&L') but when I run my 2017 TB I have opening balances in my P&L codes. Have I missed something or do I need to journal these out manually?
Thanks
Replies (4)
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I use 5 Cloud systems and thought KashFlow was antiquated expecting me to run a year end procedure to clear the P&L, but this is so 1980s, but then it's Sage.
Sage ring me occasionally expressing surprise that I'm not using SageOne and haven't ordered for any clients.
I tell them I only base decisions on buying accounting/bookkeeping software on what I read on Aweb. And I have yet to see any really good recommendations for Sage One. As Xero is beginning to sort out its reports, I would always favour it over Sage One.