Banking
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I'm a bit confused about accounts classifications. I have a one bank account to operate my business and it is my first month doing reconciliation. My question is should I add my bank name as an account and that name will appear in balance sheet. is it a correct way? Also, when entering an expense paid from that account, would I choose the account or (cash and cash equivalents account)??
I relinked my bank account and it did not load up from 12/4/20 through 12/24/20.I need some help so that my accountant can reconcile the books.
What happen if I accidentally picked up the wrong cut off date of the opening balance of a credit card statement? I have picked up the date and the amount 2 days after the cut off date. I have already downloaded the bank transactions from this date. My question is, if I corrected the beginning balance, would the bank feeds still give those transactions between the correct date and the previous date? The correct cut off date is much earlier than the previous date.
Hi all, We have started our operations and we are in the process of opening business's bank account. Currently I'm using my personal bank account which has the capital of the business until other is opened.Is there any special treatment of current situation (using my personal bank account) and how to record moving the funds to the other account?
Let's get you back into your account.
Kindly link our bank 'The CSB bank Limited' . We raised a request to link twice. Still hasnt happened.
