Can someone tell me the steps after you have entered in your opening balances, the guide says you then
- Update ledger to current year in the fund details list, which I have done and made it 1/7/19-30/6/20.
My financial position statement now however says the financial position does not balance.
Am I supposed to do other steps such as close the previous financial year. If so aren’t I supposed to avoid creating entries prior to my commencement FY ie. not before 1/7/19? Will it give me the option to close the prior year but not do create entries…?
I cannot find in the help guides a chronological step by step of the things to be done before I start posting transactions in FY 19-20.