We are starting NTS in the middle of our fiscal year.  Can we enter a lump sum of all expenses and income for the first part of the year?

A lump sum entry for total expenses and income can be done using the income adjustment and expense adjustment entries. Below are examples of both.

Multiple expense adjustments can be entered, one for each different expense, or just enter one adjustment for all expenses. The example below shows multiple expenses on one adjustment entry. Select the appropriate accounts and enter the amount paid to date for each expense. The income adjustment post total deposits can be done in the same manner.

Lump Sum Expense Adjustment
Lump sum expense adjustment
Lump Sum Income Adjustment
Lump sum income adjustment