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• # 114750
• Mon 27 Feb 2017 09:06 AM

I am a newly set up bookkeeper and am dealing with my first official client and already have a question!

The business started in 2014 and, since then, they have never reconciled their petty cash. As a result, I have a stack of receipts (of which I am sure lots will be missing) to go through. My question is, can I post the expenses into the accounting software (they use Freeagent) as one entry per year? I don't particularly want to have to enter them one by one.

Also how will this affect their VAT (where there is VAT) and what date should I use to post them??

Many thanks in advance for any advice!

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• # 114786
• Sun 05 Mar 2017 04:39 PM

Hi there I would have thought though that not all transactions are for the same thing. There may be purchases of food or stationary or petrol so they would need to be seperate out. 

• Jo Gillespie 

  Thoughts are my own and should not be taken as professional advice. 

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• # 114794
• Tue 07 Mar 2017 08:49 AM

Hi Jo,

Thanks for taking the time to reply. They categorise pretty much everything from petty cash as 'office goods', so I guess I just need to ask just how much detail they want in terms of dates!

Thanks again,

Karen

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