Provide initial position of administration

If the financial records are not kept in Yuki from the start date of your company (yo have already kept the financial records of previous financial years in another way) than the initial position should be entered in Yuki in order to show a correct picture of your company. The necessary information can be retrieved from the accounting system in which you have kept the financial records of the last financial year or you can request for the information from your accountant or the administrative office. In general Yuki needs the following information:

• A detailed opening balance and possibly other details of the opening balance
• A list of outstanding receivables (account balance)
• Al list of outstanding payables (account balance).

The opening balance and outstanding receivables and payables will be entered by the accountant.

The opening balance may also be a provisional opening balance. So you don't have to wait for the accountant to draw up the final annual account.

You can provide the list of outstanding receivables and payables in different ways:

• Scan and upload all the invoices that were still unpaid at the beginning of the financial year
• Submit a list that contains the outstanding balance of each customer and/or supplier
• Submit a list of the unpaid invoices of each customer and/or supplier.

The opening balance and the list that contains all the outstanding receivables and payables can be submitted by scanning, uploading, synchronizing or mailing these documents.

In case you didn't obtain the above information yet you can still  proceed with the data of the current financial year. You should however keep the following in mind:: until the opening balance is entered correct and complete the information about assets and liabilities of your company is not reliable. The lists of debtors and creditors are not complete  and can therefore show incorrect information.