If your accountant has given you the entry to balance your GL to the AP subledger then you first must turn off the linked account to do the entry.  If your GL and AP balances and your accountant has given you this entry go back to your accountant and ask they why their trying to adjust a linked account and by doing so would make the GL and AP not balance.

In general accountants do this quite often since they are not bookkeepers and do not work on Sage products - usually Caseware is used to enter all the information from the Trial Balance and all the adjustments done thru Caseware. Caseware does not have subledgers for payables or receivables hence why you will see those kind of adjusting entries sometimes. Some accountant will also submit the details (customer/vendor names etc) but in general you just need to ask for the breakdown to that JE..

In general accountants do this quite often since they are not bookkeepers and do not work on Sage products - usually Caseware is used to enter all the information from the Trial Balance and all the adjustments done thru Caseware. Caseware does not have subledgers for payables or receivables hence why you will see those kind of adjusting entries sometimes. Some accountant will also submit the details (customer/vendor names etc) but in general you just need to ask for the breakdown to that JE..

smithco: well that certainly helps me understand why I received that general journal entry... I actually think I already have put that into the system... will have to take a look...

This is all a hangover for the adjusting journal entries from 2013 I received from the accountant in spring of 2014... I have done a few "trial" runs of adjusting JEs, but now that 2014 is done and need to rollover to 2015, just trying to finish it all up and do the "real" set of adjusting journal entries... back-up, back-up back-up... VERY NERVOUS!!!

Thanks!!!

lol - well, better to have too many backups then not enough!

Hi Kristine2012

I would use a Purchase Journal, with invoice number something like AccountantYE or anything relevant.

You likely know who is the provider (vendor) for this entry.

Regards,

Danielle