UBSA1.160 : Access UBS (Accounting): How to fill in opening balance and last year figures
Description
The difference between Enter Opening Balances and Enter Last Year Figure.Environment
Access UBS AccountingSolution
NOTE:Both figure to key in only once when start using UBS Accounting. The figures will be auto-updated after year end process.
- Enter Opening Balance is to key in the opening amount for the starting period (served as balance b/f for current year/period's ledgers).
- Enter Last Year Figure is to key in the closing amount for last accounting year (will be displayed as last year figure in financial reports)
- When keying in Enter Last Year Figure, for example: for year ended 31 Dec 2005, we take the amount of Balance C/F as at 31 Dec 2005 for all ledger accounts (all balance sheet accounts and income/expenses accounts); BUT for retained earnings, the amount of Balance B/F as at 01 Jan 2005 should be adopted.
--Source from Access UBS --
Related Articles
UBSA1.190 : Access UBS (Accounting): How to check last year opening balance
EnvironmentAccess UBS (Accounting) Microsoft Windows OS 10 Version 2022.1 Solution Go to File, Back / Restore, Back up, save at respective place Please ensure to backup the company database Go to Housekeeping, Setup, General Setup, Company Profile ...
UBSA1.77 : Access UBS (Accounting): How to enter a supplier site or agent opening balance
EnvironmentAccess UBS (Accounting) Solution To enter opening balances: Go to Housekeeping, Run Setup , General Setup , Page 2, mark the checkbox of With Site. Enter opening balance in Creditors, Enter Supplier Site Opening Balance, click on Add, ...
UBSA1.28 : Access UBS (Accounting): How to Generate Opening balance Invoice
EnvironmentAccess UBS (Accounting) Solution Go to Transaction, Open Item Menu Debtor, Maintain B/F Bills Maintain all the opening balance amount for all charges available Click the Generate Invoice button. --Source from Access UBS --
UBSA1.175 : Access UBS (Accounting): Amend expenses account in the opening balance
DescriptionHow to amend the opening balance amount at the current year database after the audit. How to amend expenses account in the opening balance EnvironmentAccess UBS Accounting SolutionTo amend the expenses and income opening balance when it is ...
UBSA1.21 : Access UBS (Accounting): How to enter customer site/agent opening balances
EnvironmentAccess UBS (Accounting) SolutionTo enter customer site/agent opening balances Go to Housekeeping , Run Setup , General Setup, Page 2 and mark the checkbox of With Site. Enter opening balance in Debtors, Enter Customer Site/Agent Opening ...