Setup Definitions

For clarity, the following definitions will be used in this chapter.

Start Date: The first day of operation of your accounting system.

Close-Off Date:  The day immediately prior to the Start Date. This is the last day of use of whatever other accounting system you used, and the balances from this will need to be transferred into your MoneyWorks document.

Start Period:  The period (month) in which you want to start entering information. The Start Date will be the first day of this period.

Setup Period: The period (month) immediately prior to the Start Period. The Close-Off Date will be the last day of this period. This period will only contain transactions that establish your opening balance. The balances at the end of the Setup Period (the closing balances) will be the same as those at the beginning of the Start Period (the opening balances).