I've never used balance sheet and need help

[Simon_Allen]

HI

I’ve had system 6 years and love it but in my first year, the balance sheet was wrong. Since then the problem has compounded and I’ve never locked an accounting year.

Now I have seen the light I’ve got my trial balance from my accountant and now want to put the figures in. My question is on the double entry side as for some codes I don’t know what the corresponding entry should be.

Is there a bucket category I can use for corresponding entry so I can get the right figures in?

Thanks

[QFMathew]

Hi @Simon_Allen

Thank you for the positive feedback!

There isn’t a bucket category as such, although in theory, if everything on QuickFile is correct pulling a trial balance for the same date as the one your accountant has provided should show you any differences, which should balance (assuming he has the same overall figure as you). It’s just then entering that into a journal.

The best way to deal with this, I think, is for your accountant to advise on what needs to be entered into QuickFile in the form of a journal to correct any errors. If you need help entering the journal itself, we’re happy to help, but we’re not able to advise on account specific accounting queries.

I hope that makes sense?