Correct way to adjust

[Karl_Jacobs]

Hi.

I’m using the merchant account method to deal with ebay managed payments.

To cut a long story short after going through the csv reports and creating the correct entries the trial balance is out by 16p against the starting balance on ebays next months statement.

I’ve checked and double checked all of the totals and for some reason I just cant find where the 16p has gone.

What would be the correct way to make an adjustment so that my trial balance matches the ebay statement to keep things nice and tight?

I appreciate this is a simple book keeping task however the explanations I’m finding on the internet are really confusing me.

I would really like to learn how to do this if anyone could pese chip in with advice.

[QFSteve]

Hello @Karl_Jacobs

While it is always better to find the difference, an adjustment can be made by creating a £0.16 transaction on the account and tagging it as a bank transfer using the Proprietors Drawings account or Directors Loan account (depending on the type of company.)