First Previous - Page 1 of 1 - Next Last

Opening bank balance in free agent

  • Member
  • Practice Licence
  • 7 posts
  • # 117512

Hello, 

I am moving a client from desktop software to cloud based free agant in preparation for MTD.

I have run my EOY and have an opening TB including a reconciled bank balance.

My question is this - do I enter the balance as per cashbook or as per bank statement as my opening balance on free agent?

If I use bank statement then my TB will be off and also how do I explain the lodgements and unpresented cheques when they appear on the statement?

If I use my cashbook balance how do I explain the lodgements and unpresented cheques when they appear? They are not for debtors/creditors.

There are no invoices to match them to???

Thank you for any advice

Donna

First Previous - Page 1 of 1 - Next Last
loading