The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> Book-keeping Training, Qualifications and Professional Bodies -> Depositing cash into more than one account
Post Info TOPIC: Depositing cash into more than one account
Vicki Newman


Senior Member

Status: Offline
Posts: 117
Date:
Depositing cash into more than one account
Permalink Closed

Hello

My client has three bank accounts that she pays her takings into, her business a/c, reserve a/c and her own personal account. How would I show the money she pays into her personal account so that I can still get evrything to balance in her business accounts?

 



__________________
kjmcculloch83


Expert

Status: Offline
Posts: 2085
Date:
Permalink Closed

If your client is a sole trader, treat all the money that disappears into her personal account as drawings, and if it ever comes back into the business then treat it as capital introduced.

Kris

__________________

BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 
Vicki Newman


Senior Member

Status: Offline
Posts: 117
Date:
Permalink Closed

Thank you Kris, I should have thought of that!

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> Book-keeping Training, Qualifications and Professional Bodies -> Depositing cash into more than one account
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About