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Migrate or Start New with MS Accounting Pro 2008

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Posted February 20, 2008 at 2:00PM

Hi,

I now have Microsoft Office Accounting Professional 2008. I currently do my accounts and customer management (customer id's, order references and contact details) in excel.

When I go live with Accounting Pro 2008 (my financial year starts on 05 April) should I start fresh and just add New Customers as they come in and enter a starting £ balance that is on hand on the 5th April?

or

Capture the past 1 or 2 years worth of customer data and cash (income & expenditure) flow and try to follow on from there.

I think New & Fresh is what I want to do but not sure how it looks from an outside point of view, ie; tax man or accountants. I may even be thinking out loud here as there is no one 'in the office' as I am a sole trader.

Thanks.

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Forum Editor

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Posted February 20, 2008 at 6:56PM

and you're right, provided you have all the relevant information for previous years properly recorded elsewhere.

Start the new accounting year in Accounting Pro - don't waste time importing all the earlier information, but to make doubly sure don't take my word for it, run it past your accountant.

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Newuser38

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Posted February 21, 2008 at 8:41PM

Can I suggest that you also check with your accountant that MS Accounting Pro 08 UK is the best program for you as a Sole Trader (apologies if you have already done this).

This site click here= may give you some idea of queries being raised by others most of whom are accountants or fulltime bookkeepers.

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