The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> I need an Advice for this Trust Account
Post Info TOPIC: I need an Advice for this Trust Account
jamesnito15


Newbie

Status: Offline
Posts: 1
Date:
I need an Advice for this Trust Account
Permalink Closed

I have attached a copy of the reconciliation for this trust account from QuickBooks. So i have received this Audit spreadsheet from one of our clients asking us to fill this out every month. So i started working on this but i came across with a problem on line 89. Line 89 is asking if Closing balance minus Closing Balance Details equals to $0 and it doesn't, and i don't understand why and how to fix it. Can anyone help me with this?

 

Thanks



Attachments
Audit.xlsx (51.9 kb)
__________________
StuartAnder


Senior Member

Status: Offline
Posts: 360
Date:
Permalink Closed

I deal with trust accounts at work (if its the same thing) it is used for invoice discounting from a bank or other company?

I would go back and check the opening balance, if that correct then I would go through the bank statement line by line as something is missing or input incorrectly..

Sorry not much else I would do :(

Thanks

Stuart

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> I need an Advice for this Trust 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