In this month's "technical tip" we are focusing on where the brought forward balance on a nominal account has come from.  Generally speaking on balance sheet accounts this will be the total of the archived transactions on the account:

  

 

Gives a net total equal to the brought forward balance:

   


For Profit and Loss accounts the brought forward balance will normally be 0.00 unless there has been a prior year adjustment made to the account - in which case the brought forward balance will be adjusted for this - to ensure the current balance remains the same:

 

Before prior year adjustment: 

   

 

After prior year adjustment:

   

  

Report of the month

The report for May is now available.  This report lists invoices and credits per supplier. 

May Report of the Month

Each month Sage will provide a "Report of the Month" so it is worth coming back to this page on a regular basis.