You do not have to wait for your year end to switch. Most people move across mid-year.
Pick a start date
Usually the first day of your current accounting period. Telore imports transactions from that date onwards so the year is complete.
Bring in the opening position
Your position on the day you start — what you were owed, what you owed, and your balances — is entered as opening balances so your Balance Sheet is right from day one.
Keep your old records
Do not close your old system immediately. Keep it read-only until you have filed the year that was recorded in it.
This is guidance, not advice. Telore is software, not an accountancy practice. Tax figures in Telore are estimates based on what you have recorded, and anything filed goes through the official HMRC and Companies House services, subject to their acceptance. For a decision that turns on your own circumstances, speak to an accountant.
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