I am a new user to IRIS and accounts production and need some help!
I have run opening balances into a new year for a customer on AP and it automatically brings up a loss before i even begin posting any entries. Is this correct?
I might add that the loss is the same amount as the opening stock figure. Also, I am trying to post entries such as closing stock and this is not working either! I am sure its the correct account codes i am using (74 & 574).
Can anyone help me with making these entries? All help will be much appreciated.