Forum Discussion

aaromat's avatar
aaromat
Experienced User
5 years ago

Enter historical transactions prior to conversion date

HI there

I have opened a new company in MYOB with a start date of 1 July 2020 but need to enter opening balances and historical transactions for debtors and creditors that relate to the prior financial year.  When I go to enter these transactions and date them prior to 1 July 2020, I get an error message - You may not enter transactions before your conversion date.

 

Is there a work around as I believe I can't change the start date of the company ? Although to be honest, I'm not sure how many companies open their accounts books prior to the start date of what they need and it seems to be that a lot of people have this problem so is there an easy work around ?

 

Many thanks

Linda

  • aaromat's avatar
    aaromat
    Experienced User

    I forgot to mention - there are only 8 entries that need to be processed and I have done two payrolls and entered July creditors / debtors in so re-processing is not really an option.

  • Hi aaromat 

     

    Historical invoices and purchases (outstanding sales or purchases prior to the conversation date) can be entered in via Setup>>Balances>>Customer Balances or Supplier Balances. This method will allow for the creation of pre-conversion sales/purchases and will appear in the Recieve Payments/Pay Bills window ready for payment but will not impact the accounts.

     

    Our Help Articles: Entering customer opening balances and historical sales &  Entering supplier opening balances and historical purchases have more information on that process.

     

    Do let us know how you get on and if you require further assistance.

    • aaromat's avatar
      aaromat
      Experienced User

      Thank you Steven - that is exactly the info that I needed.

      Have the best day !

      Linda