Setting accounts start date - Sage One

SheffieldTomSheffieldTom Registered, Array Posts: 19
Hi,

The first task on the practice assessments asks me to set the program to start on the 30th June and the financial year to start on the 1st June. Can anybody help with this as the only options are ' Year end date, Year end lockdown, and Accounts start date'.

I have entered opening balances on the 1st June but now it's telling me that I can't set the accounts start date as the 1st as it needs to be after the balances. Little bit confused by this.

Comments

  • SheffieldTomSheffieldTom Registered Posts: 19
    Further to this, when setting up nominal accounts, is salex tax account just the VAT account?
  • TreadStoneTreadStone Feels At Home AAT Licensed Accountant Posts: 279
    I'm assuming you mean a year end of 30 June ?

    Accounts start date 1 July

    Lockdown date : leave blank

    Opening balances should be entered 31 May.
  • SheffieldTomSheffieldTom Registered Posts: 19

    I'm assuming you mean a year end of 30 June ?

    Accounts start date 1 July

    Lockdown date : leave blank

    Opening balances should be entered 31 May.

    The assessment tells me to enter the financial year to start on the 1st June. It then says enter opening balances as at 1st June 20XX.
  • TreadStoneTreadStone Feels At Home AAT Licensed Accountant Posts: 279
    If the start date is to be 1st June then the year end will be 31 May 20xx.

    Opening balances should be entered on 31 May the preceding yr.
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