Opening Balances in Sage 50 Accounts Part 3

Video Cast:

STEPS:

so next luminary code is here it is strawbe salaries soulfood there we can put that in 7,000 gross wages and amount is seven six nine oh nine you will seven six nine oh nine do these okay next one is employers and I we give seven thousand six you can put that here which is twelve 512 512 you land all is seventy three hundred you can put that into the curfew and this one is four five nine five four five nine five the next one is traveling which is sorry 7400 and amount is one five three five one five three five well next time I’ll do stationary Stage three you can find that in 275 so you can also put that into printing or orchestration so I can put that into I put that into 75050 – this is 3500 kg five hundred and next one is or attorney condensing all the legal peak strength will be start with seven six so you go to seven six and then put that into all the three and this one is here 3,500 3,500 comes here the last one is cleaning cleaning is I think in 7800 so this is 701 income here which is 4,000 okay once you have put your whole of the trial balance the opening shot violence as a 31st of May 2016 make sure the balance is zero and debits and credits are equal if debits and credits are not equal and you could see if you could see any banks here stage won’t let me save the this window okay I will click on save and they’d enter the outside yes no problem and I will click on yes for it says enter the trial balance from your accountant this one is faked enter the uncared transactions for your bank accounts I won’t do I won’t do it because I have reconciled my bank completely so I can leave it leave this step or you can just click on ticked and then the next one is check opening balances against the trial balance from that accountant you can click on this one and you will see look from here see this one is a brought forward balances so you need to go back before June before and click ok so you will see your opening child balance which says Beaufort here you can match it against the child balance each you which I have in my PDF here everything is correct so I will just close it and that’s it then it says check your data say just requires you to take the backup it checks your data and then you can take them back up here and you can say yes and yes and close it and close it and you can save the backup on Dexter so if we can okay and keep okay so it just saves a backup on your desktop so this task is done you have entered the child balance would be indigent balances for customers and suppliers and I will disclose it if I take you to the nominal course and you could see the all the balances in here you can also see the breakdown by expanding it so you will see the on individual balances here like this and you can collapse it if you want the seat from here the opening child balance you can click on trial then and click on for you and click on run and if you drag it up and drop forward so you will see the opening child balance here this is what we have just posted into the system and we click on close and similarly you will be able to see the opening balance sheet so again this PD brought forward and this is going to be before you can click on ok so this is our opening balance sheet which we just posted in the system and that’s it so we have all should be open child balance using the open window opening balances window as recommended by Sage there are two other ways of posting the opening trial balance I will show you this one later I hope this one helps you you can like and share and please subscribe my channel for more videos thank you.