Hey team,
Apologies as I’m sure this is me misusing the application.
I attempted to add 3 years worth of bank statements to my account using the Starling bank account I had set up in Quickfile. This account is a personal account as I do not have a business account. Naturally this means that my account also imported every personal transaction I have that do not need to be accounted for.
I thought this would not be a problem, however I then found that my tax calculation deducted 17k worth of expenses for tax year 24-25 under the code “Suspense Account”, which threw off the calculation.
I could not find a way to tell Quickfile to ignore these untagged transactions, so I opted to cherry pick the ones I needed for my 24-25 self-assessment and deleted all of the other personal transactions.
The issue now is that Quickfile thinks my account is 18k in the green! I could only wish that was the case! I understand now that when I deleted all of those personal transactions and kept the business income and expenses, it now thinks I’m making much more than I spend which is obviously not the case.
The only way I can find to change this behaviour is to tell Quickfile that I have a -18k opening balance which is also not true (thank goodness).
Can you broadly advise me on what I can do to fix this accounting error? I basically just want Quickfile to house the general sum of my business income and expenses as a sole trader. I don’t want my personal transactions polluting the data and again, I’m sure it’s something I’ve done wrong here.
Many thanks,
Danny