Opening Bank Balance when migrating from another accounts package

Opening Bank Balance when migrating from another accounts package

Hello,

We are struggling understanding how to key opening balances. We have stopped our old accounts package supplier at the end of March 2018. We are on UK VAT cash accounting scheme.

We have an opening balance of £50,000. Included in this is Proforma's received before the start of the new zoho data (1st April 2018) of £10,000. If we put an Opening Balance of £40,000 & key £10,000 prior to 1st April, this changes the bank balance & opening balance to unearned income. We can't key Proforma payments after 1st April as VAT has already been accounted for.

Can anyone tell us what we are doing wrong?