Our company was maintaining records, manually and we have recently installed Pastel Evolution. I have processed opening balances in period 12,31 March 2016 the end of our financial year. The opening balance for balance sheet items are pulled through for the current financial year when viewing the ledger from April 2016 to date however the income statement items are not showing as opening balance when viewing from April to date. What could be the problem or should I just process another journal to reverse 31 March and another journal processed in 1 April for the balances to show for the income statement transactions.
Your assistance will be appreciated