Morning I am confused re a query at work. £200 came in in February from unknown debtor. So I put it in customer deposit account so I could do bank rec in June...accounts then locked so can't change. In September found out who amount was from.
So I then credited correct customer account in September as I can't post in previous year any more. I did a journal entry to reverse the customer deposit entry.
What I can't comprehend is how to reconcile September as it now has an amount of 200 extra as I have had to credit customer account.
Please can anyone help?!? I am using Kashflow and not sage. Thank you x
Hi
I dont use Kashflow but I do know in older versions of sage that you cannot journal into/out of the Bank accounts and this then skews the Bank recs. So I suggest journal the opposite way and key as you would when using the current account.
Would I be correct in thinking that Kashflow offer support for free? Failing the above not working then I would use their support and ask them.
Although someone might come along on here at some point who can help
__________________
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
Ooh bugger (technical term for post year end sort outs!). Might be worth doing a reversing journal on the 1st day of the new year and seeing if that disappears but puts it right so to speak. Backups up first don't forget.....sorry I can drive people mad with my backup mantra!)
__________________
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
