Does anyone have a good guide for importing historical trial balances and opening balances?
k
Karina
02/23/2021, 7:43 PM
HTBs are just journal entries; they can be posted as YTD for each period or delta aka activity for the period. with YTD approach you would reverse each journal except for the last period where you only reverse Balance Sheet plugging retained earnings to balance that TB.
g
G B
02/24/2021, 10:40 PM
Thank you @Karina! Do you recommend the YTD/Reversal approach or importing delta activities?