suspense account

PEBBY WALD

can someone please tell me how to create a suspense account

Zappy

The same way you create any other account

PEBBY WALD

is it a balance sheet account. A bit more information would be appreciated.

Zappy

Yes it is. What other information do you need? Why do you need a suspense account at all?

PEBBY WALD

I withdrew some money too be used at a one off event as a float to give people change if they needed it.  I then redeposited the same amount after the event.  How should I deal with that?

Zappy

Why dont you create a type of bank account called "petty cash". Thats what i would do.

Kwikbooks (Professional Partner)

Hi Pebby

Reckon One already has a default cash bank account you could use this as Kevin suggested - don't forget with Reckon one you also need a supplier or customer name for your transaction, this could be 'cash' 'contra' 'suspense' etc and make it both supplier & customer.

Reckon One is a pain for having to have a customer or supplier name for everything, so use generic where you can. 

Zappy

Problem solved i think. Nice one

PEBBY WALD

Thank you for your help.  Query solved. Much appreciated.

Zappy

This is what I do. Tell no one ssssshhhhhh.

PEBBY WALD

You do it well.  I won't tell a soul.