Help switching to Countingup
Sergio Felipe
Help bring previous transactions from an existing business or personal account and/or accountancy software into Countingup, at least for the tax year when you are making the switch. This may involve transfer of relevant account balance amount.
This is so the business' balance, Profit & Loss and any taxes due calculations are not disjointed between Countingup and the previous ways of doing things.
Astrid - Countingup
Thanks for your feedback.
If you have an accountant you would need to give them access to your data they will then be able to access your data through the Countingup Accountant Hub and add historical expenditure and allowances using the journal feature that allows manual adjustments of your book. You can find explanation on how to give your accountant access to your data here: https://support.countingup.com/hc/en-us/articles/360002562238-Customer-how-do-I-invite-my-accountant-to-access-my-data-
Astrid - Countingup
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Ellis Farrelly
I’ve voted for this due to recently starting my own business and not being able to see clear finances. After incorporating I purchased much of the business equipment prior to setting up the bank account and would like to display these so my profit/loss figures are correct. I currently have to run excel alongside this. Please change ASAP.
Shaun - Countingup
Love this idea as it keeps everything in one place which helps so much at year end! We would need to think about how we separate older transactions from any statements that would show them as Countingup transactions but definitely something we should consider for financial docs like P&L. Thanks, Sergio!
Sergio Felipe
Shaun - Countingup: Exactly, I think the best thing about Countingup is to have everything in one place. Keep up the good work and hopefully see this one soon!
Duncan Drasdo
Shaun - Countingup: any progress on this?i want to add in transactions paid for using a personal bank account so they become director loans