Hoping someone might be able to help with my query – feeling a bit stupid just now!! I’ve just started my level 3 and I’m looking at bank statement reconciliation with the current bank account in Sage. Can anyone tell me how to add the opening balances into the reconciliation? I understand that an adjustment needs to be made and assume this is in the form of a bank payment. But, what nominal code would I use to add this adjustment? Also, assume the tax code would be T9?
Any help would be great!!!
Many thanks, Lauren
If drill down into the bank account
In the box that says balance there is a little OB button , click on this and enter your opening balance, be it positive or an overdraft
dont worry about VAT as Sage will do this as a T9