Suspense Account Balance

[FazilH]

I have captured opening balances for debtors, creditors, bank on Pastel for the 2013 year, how do I get rid of these balances in the suspense sub accounts

[Neville Bailey]

There should be a net zero balance in the suspense main account if you processed your opening balances correctly.

[Just Gone]

It never ceases to amaze me how many people register on a forum and barge straight in and ask their question, dont even introduce themselves or anything - what happened to manners and reading the forum etiquite ?

[FazilH]

There should be a net zero balance in the suspense main account if you processed your opening balances correctly.

Thanks Neville, the main account does have a nil balance and was wondering how do i get rid of the balance in the sub accounts

[FazilH]

My apologize Kevin, I'm new to this so still finding my way around

[Neville Bailey]

Thanks Neville, the main account does have a nil balance and was wondering how do i get rid of the balance in the sub accounts

I suggest that you pass a general journal to clear all the suspense sub-accounts (except the first one), using the first one as the contra account.

[Dave A]

My apologize Kevin, I'm new to this so still finding my way around

Don't sweat it, Fazil