What`s the best way to make adjustments to the Balance Sheet?

instint
instint Member Posts: 11 Novice Member Novice Member
in Accounts Hosted

How do adjustments made to the Balance sheet affect the rest of Reckon hosted accounts?

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,799 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited May 2023

    Hi @instint

    The balance sheet shows assets & liabilities (& equity) so any adjustments made to any of those account types will increase or decrease those applicable account balances accordingly.

    What is it that you're trying to do ?

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • instint
    instint Member Posts: 11 Novice Member Novice Member

    Need to reconcile with the Balance sheet supplied by the Accountant.Don`t think that any adjustments or entries have been made in Reckon over the last 20 years.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,799 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited May 2023

    Urgh ... that's painful then 😣 but important to achieve, as it ensures better accuracy & makes subsequent years easier to reconcile.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • cosmic
    cosmic Reckon Developer Partner Posts: 1,124 Reckon Legend Reckon Legend

    Your Tax Accountant should have followed thru , its his duty to do this .

    You have Net Movement exercise to do , which is still involving and time consuming

    Cosmic Accounting Group

    Accountants and Tax Agents 22397009

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