Sage Line50 help - Opening Balances

[Landlord]

Hi,

A question on behalf of my sister.

"Is it possible (and if so, how) to revert an opening balance to zero once it's been set to something other than zero?"

I've never used Sage so don't know whether it can be done. Can anyone help?

Thanks,
Phil.

[Eric Mc]

If it is a Nominal Ledger account opening balance, you can cancel it by posting a journal.

If it is a Sales or Purchase Ledger opening balalnce on a named Customer or Supplier account, you might have to cancel the entry by posting a Dummy Sales or Purchase Credit Note.

[Landlord]

Eric Mc said:

If it is a Nominal Ledger account opening balance, you can cancel it by posting a journal.

If it is a Sales or Purchase Ledger opening balalnce on a named Customer or Supplier account, you might have to cancel the entry by posting a Dummy Sales or Purchase Credit Note.

Thanks Eric. I'll pass this on to sis. Much obliged.

[Landlord]

anonymous said:

[redacted]

Sure:

[Landlord]

I've just realised, I should have called the thread "Sage advice"... ho, ho, ho. Ho.