Warning: Historical balances affect the P&L accounts' opening balances displayed in this window
When you enter historical balances for income, cost of sales, or expense accounts, keep in mind that Accounting Plus will change the opening balances that's displayed in the Account Historical Balances window for those accounts to reflect the historical entries you make.
If, for example, your financial year runs from January to December and your conversion month is July, you should have entered opening balances for your income, cost of sales and expense accounts that indicated those accounts' net activity for January through June. Accounting Plus, however, considers the opening balances as June's historical balance, not the entire January-through-June time period. If you now enter historical balances for January through May, those balances will be subtracted from the June activity figure.
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