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Thread: correcting a supplier's opening balance

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    correcting a supplier's opening balance

    Is it possible to do reversals in the last financial year's cash book for payments to a supplier that were incorrectly posted to the gl acc 4600/000 instead of the supplier account.

    If yes how do I do this and have the correct opening balance in the new financial year of 01/03/17?.

    thank you

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    New Member morrisedwards's Avatar
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    Well, you can. But firstly, I need to know do you have your sales and cash receipts? Normally, your daily cash receipts have the same amount as your daily bank deposit, If it is showing any difference then it is a small amount of difference in you cash sheet due to miscellaneous expenses like small amount of cash paid.

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    Platinum Member Neville Bailey's Avatar
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    Open the cashbook payments journal and click on the Settings button at the bottom.

    Untick the box named "This Year Transactions". You will see the words "Last Year" appear in red at the bottom of the journal.

    You will now have access to the financial periods of last year.
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