Alternative to suspense acount?


This is the first year that i am not using an accountant for my buisness doing it myself. The opening balances for the bank, one is for the bank account and where does the other go? We have been running the business for years, so its not directors loan account, it is just the brought forward balance. HELP


Hi @Lydia_Connery

What did you use before using QuickFile?

Typically you would need to account for these funds from their origin at the date you opened your QuickFile account. This would normally be a trial balance of similar. But of course, let us know a few more details and we’ll try our best to assist.

Thanks, i will ask the accountant for the TB to see if i can uploaded into quickfile

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