Just getting my last bit of together before giving my first lot of records to the accountant.
Ive done my bank recs up to the start of April '17 and a trial balance (its on sage so I haven't actually DONE anything!) and notice I have debtors. When I look in the Aged debtors I have half a dozen customers but when I go into their individual records their accounts are paid in full and their transactions have been paid in full with the payment receipt showing against the account and 00.00 balance.
So my question is why are they in the Aged debtors and how do I get them out because its messing up my figures!!
You need to include the sage type and version with such questions, although in this case I can remember.
What date is your year end?
What date were the invoices paid?
__________________
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
Sorry, I'm using SageOne ( in theory the foolproof one!)
Ive done until 31st March so we can get our tax return done.
The invoices I checked were all paid in April so I did wonder if that had something to do with it
Is it just because I haven't reconciled that far ahead or something to do with it rolling over into a new financial year?
I had lesson three and got a nice introduction to DEAD CLIC last night my brain aches thinking about debits and credits now!!
is that the year end your Accountant has suggested? Or are you just going to decide yourself without advice? Then possibly pay more tax than you need in the first couple of years? 5 months (min) double taxation by my reckoning, if I recall correctly.
Reconciliations perse don't affect matters, although the rec should be done to be sure it agrees with the TB.
Year end is March and people still owed you at that point hence why they are showing as os.
__________________
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
Oh what a wally yes sorry penny just dropped!!!
oh dearrrr!!!
Think the debtor thing worried me but guess its totally normal just shows who hasn't paid yet.
Year end done for tax returns. Not aware of the double taxation you mention? We haven't had any advise and don't know where to get it as accountant hasn't told us anything!
I did mention it on your first post. Speak/email/book an appointment/send via pigeon post and ask the optimum time for your circumstances. If they do not give advice BEFORE you do anything then sack them and get a new one. Most Accountants complain because people don't ask before they do something and then expect us to work bloody miracles! Simple.
__________________
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
