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  • opening balance from 2021, how to reconcile stmt to bring up to date

    Hi there, I took over the book keeping for a company and the previous book keeper was not consistent with using the bank rec for the credit cards. The Company year end is Oct 1 - Sept 30th. I am trying to go backwards to clear out and reconcile 2022…

  • Refund of prepayment

    I made a prepayment to a vendor and recorded it. However, the vendor has now refunded the amount back to us. I'm not sure how to account for it at the moment, but the refunded amount has been deposited into our bank. any guidance?

  • reconciliation error

*Community Hub is the new name for Sage City