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Opening bank balance


I have put on the opening balance of my bank account and it has to code 1200 but the other code has gone to suspense 9998
Is this correct or do I need to journal it to somewhere else


Do you have full balance sheet to code?


No I didn’t have a balance sheet previously I did my accounts on a spreadsheet and use spreadsheets to do a p&L account. Not good I know but sufficient to do my tax return


Are you sole trader? if yes you can journal suspense account balance to capital account


Yes I am. What code would that be please


Got that. Do I put opening stock, Vehicles & equipment to that as well. I ought to really have all my stuff on really. Sorry for being a pain. I am not sure how to set up a asset list though


yes credit aspect can go to capital account for items above