My "starting" balance for PAYE has apparently shifted in time ...
In settings, I've set a FreeAgent start date of 01/01/06 and I've entered an opening balance for PAYE/NI as at this date. My company was formed in Dec 2003.
In order to generate complete history from the start date (ie 01/01/06), I have generated payslips for tax year 2005-06.
As a result, when viewing PAYE in the Taxes section, it looks like my liability is greater than it is since the starting balance now has travelled back to before the first recorded payslip (April 05) - in other words FAC thinks I am 9 months behind on payments to HMRC.
This is different to how FAC treats opening balances for bank accounts which are fixed in time and balances are calculated both forward and backward in time.
I suppose a workaround would be to delete those 9 months payslips, but would prefer not to do this as it is my aim is to get the company's entire history into FAC eventually - whilst maintaining accuracy for the current financial year.
Is it not possible to treat opening balances for PAYE etc in the same way as bank account "opening" balances?
// James
PS This is related to a previous topic I posted :
http://getsatisfaction.com/freeagentc...