I have posted the year end journals from the accountants on Sage. I am now checking the trial balance to se if it matches the one our accountant has given us. Some of them do not match.
The figures I have entered (with the year end date on) have gone into brought forward balances and not on prior year.... If this makes sense...... Is this correct?? as some of the figures don't match if I just run a trial balance off.
Hope this is making sense and I would totally appreciate any help on the matter.
Hi Clare
I would probably help to understand what figures do not match. Im assuming it is the P&L account nominals which dont - which would all have been cleared to nil and any profit moved to reserves. The only figures that would remain the same are the balance sheet ones and these would show in the Trial Balance b/fwd section (assuming its sage here, sorry if its not and the terminology is slightly different). If Im far off the mark - perhaps attach the two TBs (with any identifying info deleted of course) and we can have a look.
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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
would it be you have closed the year end prior to entering the year end adjustments? In which case I agree with Joanne, the profit and loss figures would require to be entered to reserves. If too late to restore the back up probably best to enter a journal for the PNL accounts to be adjusted.
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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
