What`s the best way to make adjustments to the Balance Sheet?
How do adjustments made to the Balance sheet affect the rest of Reckon hosted accounts?
Answers
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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 ?
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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.
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Urgh ... that's painful then 😣 but important to achieve, as it ensures better accuracy & makes subsequent years easier to reconcile.
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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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