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	<title type="html"><![CDATA[FrontAccounting forum — The Easy Way]]></title>
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	<updated>2010-03-03T10:42:06Z</updated>
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	<id>https://frontaccounting.com/punbb/viewtopic.php?id=1161</id>
		<entry>
			<title type="html"><![CDATA[Re: The Easy Way]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=5111#p5111" />
			<content type="html"><![CDATA[<p>I have not got this far and am entering data for a new business. But&nbsp; normally with accounting systems, you would set the commencement year to be the previous financial year. </p><p>Then enter opening balances for AR and AP in the customer and supplier accounts but post the values against the respective GL accounts for creditors and debtors. At the end of this process, your trial balance should be NIL but the customers and suppliers have balances in them. </p><p>Then you would simply post the balances from the trial balance via the GL. Once this is done, close off the financial year and you are ready for the current financial year.</p>]]></content>
			<author>
				<name><![CDATA[rodw]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=713</uri>
			</author>
			<updated>2010-03-03T10:42:06Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=5111#p5111</id>
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		<entry>
			<title type="html"><![CDATA[Re: The Easy Way]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=5109#p5109" />
			<content type="html"><![CDATA[<p>I usually use the Banking and General Ledger&gt; Deposit.</p>]]></content>
			<author>
				<name><![CDATA[nucreativa]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=658</uri>
			</author>
			<updated>2010-03-03T09:59:06Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=5109#p5109</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[The Easy Way]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=5099#p5099" />
			<content type="html"><![CDATA[<p>FA is simple, but set up beginning balance for GL,AR,AP and Inventory still hard.. can Fa more simple ?</p>]]></content>
			<author>
				<name><![CDATA[sudiawijaya]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=717</uri>
			</author>
			<updated>2010-03-03T06:34:54Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=5099#p5099</id>
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