I have found many useful information and help on this site and therefore decided to join. I am a bookkeeper of a medical practice in the Cape Town area.
My problem: The bank statement given to the accountant was only till 27/02/2018 and there was a payment on 28/02/2018 therefore the financial statements and my system's bank balance differs after Year End Journals were done. Can I go into Last Year 28/02/2018 and reverse the payment by doing the entry in the cashbook payments with a minus and then in This Year on 01/03/2018 do the same payment without the minus? Do I use the Suspense Account as the GL account?
Please assist. Marlene V