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Thread: New postings without opening balances

  1. #1
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    New postings without opening balances

    I have a set of accounts (Balance Sheet) as at 28/02/2012. This was done by Accountant A. Acccountant B has now taken over. B does not have an opening trial balance.My books are simple, just from bank statements,2 employees incl myself.

    Vat returns and Paye returns have been done from 1/03/2012 onwards by accountant B.

    My question is can B do up books (postings) without an opening trial balance?

    B uses Pastel software. Vat is done 2 monthly in excel.

  2. #2
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    The short answer is "yes".

  3. Thanks given for this post:

    flaker (26-Sep-13)

  4. #3
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    Hi there - did you ever get a response to this?
    I'm in exactly the same boat and cannot get my current accountant to assist - we lost all our backups/hardware, so I have nothing to go on.
    Thank you!

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