What Should I Do If I Don't Have a Full Opening Trial Balance?

Even if you do not have a full opening trial balance, you can enter details of all the outstanding customer and supplier invoices and credit notes from your sales and purchase ledger day books.

Then, you should clear the values in the Debtors and Creditors Control and Suspense accounts. If you are using VAT Cash accounting, you should also clear the balances in your Sales and Purchase Tax Control accounts.

Enter an estimated opening balance for your current bank account, then you can start using your Sage accounting program.

Once you get your full trial balance from your accountant, make a reverse posting to your current bank account and your Suspense account, for the value of your estimated opening balance. Then, enter the opening balances for all of your nominal ledger and bank accounts.