Tagging transfers from now closed bank account

Accounting
1

I have received transfers from a now closed bank account into the bank account which is currently active. My question is, how are these inward transfers tagged?

Many thanks in advance

2

Hello @AGPBio

Did you have the old bank set up in QuickFile?
Was an opening balance entered?

3

Hi Steve

No, I did not have the old bank set up in Quickfile
I did set up an opening balance for the account which is currently being used. The bank transfers were received over the first few months of using Quickfile and the new bank account.

Best wishes

Graham

4

Hello Graham

You could set up the other bank in QuickFile and record them coming form them, alternatively you could mark them as coming from the Directors Loan Account.

You could also consult your accountant as they will be able to give you professional tailored advice on this.

5

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