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Suspense Account

Sage 50 general help forum - Free help and support for all general issues
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Hartley
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Posts: 1
Joined: 14 Apr 2011, 09:53
Sage Version: v2009 15 UK/Europe/Africa

Suspense Account

Post by Hartley » 14 Apr 2011, 10:02

I have posted my opening balances for my bank account but the opening balances have gone into account 9998 the suspense account how do I correct this and get the balances into the right place.
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leyburnsolutions
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User
Posts: 132
Joined: 14 Apr 2011, 18:02
Sage Version: v2014 20 UK/Europe/Africa

Re: Suspense Account

Post by leyburnsolutions » 14 Apr 2011, 18:05

You need to enter a full opening trial balance - once you have done so, the suspense account will return to zero.

As an example, even if your just starting up, the money in the bank must have come from somewhere, a directors loan for example or capital introduced so you;d need to enter that as an opening balance as well.

John
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