Opening Balances - [Pastel Express V14]

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  • Maryke1
    New Member
    • Apr 2015
    • 8

    #1

    Opening Balances - [Pastel Express V14]


    Can somebody please help me: Which amounts from the income statement do I have to use as opening balances, Expenses are clear: GL, Contra: Suspense account - Ledger (please confirm?), but debit or credit?
    Interest, Rent received: Debit or credit?
    Liabilities, Assets, Stock: where do I get these OB from?

    Can I process the year end without the assets and stock being updated, or do I have to wait until my accountant gets time? (I don't know how and where to get those figures)

    Thank you
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