The basic accounting concept of transferring the P&L balance for a year to the balance sheet needs to be adhered to in all the reports. Currently, the Nominal Activity analysils shows a closing balance figure that is incorrect (for the P&L account codes), because it brings forward previous year's balances too.
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To my mind a fundamental accounting error. Shouldn't be one for the future - should be immediate. Reminds me of the old fudge one had to do with old accounts packages in the 1980's and by 2024 should no longer be the case. Not had this problem with Quickbooks of any other accounting system.
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Agree entirely - this is nonsensical to have previous year balances brought forward into the nominal records for the current year. Come on Sage, this is basic - sort it out!!!!!!!
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Folks, does anyone know how to escalate matters for this issue/software? Like the user below, I too have tried an online chat but to no avail ...
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What is this about?
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Its a chore and I too have hi lighted this - Year on year its just accumulates.. annoying
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I too have sent this to Sage via feedback - hopefully someone will understand the basic principal
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I have already made this request via an online chat, but to no avail.
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