SageForum for UK versions of Sage 50- Help and support.

Hi all,

I'm just setting up my Sage instant accounts having taken over from outsourced accountants. When I've posted my opening balances for bank accounts and various current liabilities - using the option in the set-up of the account, not by journals - they have been posted to the relevant nominal codes as debits, but also to the suspense account as credits, so my trial balance after one month of transactions is balancing, but only because of a huge suspense account bill.

Does anyone know why this is?

Cheers,

Martin

The suspense account represents the net opening position at the start of your accounts.

Assuming you have correctly posted all the other balance sheet accounts, the balance should be the same as your opening Profit and Loss for the year (3200) in which case you just journal it accross, if it is not, then you have missed something.