Create sets of accounts

Creating sets of accounts in Final Accounts Online.

Sets of accounts contain the work you’ll be undertaking for your clients.

Each set of accounts represents an accounting period.

Open Final Accounts and click Create New Set of Accounts.
Choose either Base on an existing set of accounts or Create a new set of accounts.
Enter the Period start.
Check the Period end date and Period description are correct.

NOTE: If your client is a Sage Accounting customer, you'll have further options:

Update Year End Date in Sage Accounting	Select to change the Year End Date in Sage Accounting to match Final Accounts.
Lock Down Transactions in Sage Accounting	Select to prevent your client entering transactions in Sage Accounting before the Period end date.

5. Choose whether to Create brought forward balances (if basing on an existing set of accounts). When to base on an existing set of accounts

6. Choose whether this is the First period (no comparative period) (if creating a new set of accounts).

7. Click Next.

8. Choose the Client type: sole trader, partnership or limited company.

9. Click Save.

TIP: You can change these settings from Set of Accounts Options and Period Options.