Ive had some adjustments back from an accountant who wants me to key them on the first day of the next accounting year, which Ive done. Everything added up with the journals but now my Directors Bank account is wrong. Its only a small issue but its bugging me. It was £9.50 in credit at the end of the year as I forgot to move it to the DLA. But then I moved it in March when I did the next lot of the clients books (thought nothing of it so its my own fault!), then did the £9.50 adjustment as requested so now its wrong again!
I usually do all my adjustments on the last day of the financial year then do the year end process so this seems a bit alien to me.
My question is - how can I check the balances after Ive done the amendments? I cant seem to get a report out showing these 'start' balances. Its just out of interest really!! Im using Sage (stop it Shaun...I can hear you groaning from here ) and its an old one (2008!!)
Happy Sunday folks
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
I am guessing that when you adjusted it in March it would have been after the year end? If that is the case, it looks like the accountants had already adjusted for it when they did the accounts and therefore the easiest solution would be for you to reverse your own adjustment.
If your DLA is wrong, there must also be another account that is now wrong because of the double entry necessary, so the above suggestion is the best option to put the two accounts back to how they should be, in my opinion. Not explaining it very well (have had a bang on the head today so not as coherent as I should be) but I hope you get the gist of what I am saying!
Hope that helps.
-- Edited by Dinky on Sunday 21st of September 2014 08:57:38 PM
Im also looking to see if there is a report I can get out of Sage which shows Ive keyed everything as per their instructions - to make sure Ive done it correctly and to keep with the adjustments record on case of queries.
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position