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Thread: Credit card cashbook won't balance

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    Red face Credit card cashbook won't balance

    Hi There

    My credit card cashbook won't balace and I don't know what to do anymore. I think it could be the date cycle, e.g.our statements are dated from the 28/05/2011 to the 29/06/2011. How do I go about captureing that in my cashbook? How am I supposed to capture the credit card Statements/ expenses is a cashbook really necessary?

    Any advice would be appreciated.

    Many Thanks
    V

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    Platinum Member Neville Bailey's Avatar
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    The date cycle should not be an issue, provided you define the correct reconciliation date on your accounting system.

    I would recommend that you use a cashbook to process credit card transactions, from a control point of view and a VAT processing point of view.

    What accounting system are you using?
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    Hi Neville thanks for your reply, sorry forgot to add, I use Pastel V11.

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