P&L accounts' historical opening balances will be changed by additional historical entries

When you enter opening historical balances for income, cost of sales, or expense accounts, keep in mind that AccountEdge will change the opening balances shown for those accounts in the Edit Accounts window - History view to reflect your other monthly historical entries.

If, for example, your fiscal year runs from January to December and your conversion month is July, you should have entered opening balances for your income, cost of sales and expense accounts to indicate those accounts' net activity for January through June. AccountEdge calculates these opening balances as the historical balance for the entire January-through-June time period.

If you now enter historical balances for January through May, those balances will be subtracted from the June activity figure.