User Guide

Entering Historical Financial Data
56 Simply Accounting
Swc90wb.doc, printed on 1/3/02, at 11:14 AM. Last saved on 1/3/02 10:54 AM.
ACCPAC INTERNATIONAL, INC. Confidential
Expense: 99,637.00
Name: Mayfield, Green and Assoc.
Start Date: 01-01-2005
6. Close the Project Records window.
7. To review the projects you entered, in the Project icon
window, from the Reports menu, choose Display Project
List.
Entering Historical Financial Data
Now that you have created the accounts and records that you
need, you can enter historical accounting data. You should enter
account balances as of the earliest transaction date, based on the
trial balance taken from your manual records. The program
automatically calculates balances for subtotal, group total, and
current earnings accounts. (For an explanation of account types,
see “Account Types” in Chapter 2 in the User Guide.)
History symbol
Until you choose the Finish Entering History command (on the
History menu), all the modules display a History symbol,
indicating that you can enter historical data.
Simply Accounting modules are set up to accept both historical
and current transactions concurrently; you do not need to finish
entering historical data before entering new transactions. History
can be added to any module until you choose the Finish Entering
History command or until the end of your company’s first fiscal
year.
Exercise 14: Entering Historical Balances in the Accounts
1. In the Home window, choose Accounts.
2. For each of the following accounts, enter these opening
balances in the Opening Balance field on the Account tab:
1050 Petty Cash 50.00
1055 Saving Bank Account 2,200.00
1060 Chequing Bank Account 2,533.11