Results 1 to 3 of 3

Thread: Cashbook Opening Balance

  1. #1
    New Member
    Join Date
    May 2020
    Location
    Equestria
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Cashbook Opening Balance

    Hi

    How do i do an opening balance in my cashbook so it can reflect in my bank recon, the gen journal does not show it?

    Can anyone please help?

    Thanks

  2. #2
    Diamond Member Mike C's Avatar
    Join Date
    Apr 2012
    Location
    Umkomaas
    Posts
    2,850
    Thanks
    249
    Thanked 371 Times in 327 Posts
    Hi Lizelle,

    From what I can remember from instructions some years back you enter it via the cash book.

    N.B. First make a backup so that if things do not work out as you expected you can restore and start again.

    Go into your cash book. Goto receipts enter the date, select G for General Journal. Account = 9990/000 (or whatever your Opening Balance/Suspense Account no is). Reference would be OPENING - Description Take on Balance - VAT = 00 and then the amount that you have in you bank on that date.

    Print batch, then update, update receipts batch and close screen.
    No act of kindness, no matter how small, is ever wasted. - Aesop "The Lion and the Mouse"

  3. #3
    New Member
    Join Date
    May 2020
    Location
    Equestria
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Hi Mike

    Thanks so much i do appreciate, i am going to do it and see if i come right.

    Thanks Lizelle

Similar Threads

  1. [Question] PASTEL-CASHBOOK BALANCE AND BANK STATEMENT BALANCE INCORRECT
    By Marley29 in forum Accounting Forum
    Replies: 13
    Last Post: 22-Jan-21, 09:16 AM
  2. Replies: 2
    Last Post: 25-Sep-18, 07:56 AM
  3. [Question] Computer Bank balance does not agree with cashbook balance
    By Xoli in forum Accounting Forum
    Replies: 1
    Last Post: 19-May-18, 11:16 AM
  4. [Question] Cashbook does not balance
    By SantieMin87 in forum Accounting Forum
    Replies: 1
    Last Post: 23-Feb-18, 08:44 AM
  5. [Question] Cashbook balance Differs
    By Marley29 in forum Accounting Forum
    Replies: 4
    Last Post: 07-Dec-16, 08:57 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •