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Post Info TOPIC: How to update the accounts
AS Accounting


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How to update the accounts
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Hi

I need help in bringing a set of accounts up to date.

I started working in a company, after taking over another bookkeeper's work.
The bookkeeper has simply disappeared and there is no way to contact him.

The accounts are a real mess.

The banks do not show the correct balance, neither do some liabilities accounts, assets accounts, debtors, creditors...
Well, nothing is up to date...

Now, the company has closed the accounts in December and is starting a new year in January (for which I have posted transactions related to the month).

I would like to know if I can just start everything fresh with new balances.

If yes, how can this be achieved? And will this give problems with HMRC?

Many Thanks



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MarkS


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Posts: 1501
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If you cant get everything up to date for 2013 then would suggest you get the opening balances from the accountant at 1 January 2013 (from the 2012 year end accounts).

Then start from January 2013 and work your way through.

If this is going to take time and cost let your employer know if accountant does it will probably cost 3 times as much.  

Mark



__________________

Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
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