Hi Neville

I need your help. I only have the bank statement for February of the previous year and no trial balance. How do I take on the balance for the new year? I cannot process journals with the trial balance as there are none? Only bank statement




Quote Originally Posted by Neville Bailey View Post
Hi Holger,

You need to process either a cashbook payments journal (for an unfavourable opening balance) or a cashbook receipts journal (for a favourable opening balance) and allocate the transaction to the Suspense account.