Personal bank rec

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Hi guys, I have some questions regarding bookkeeping. If on the beginning of trading your client didn't have business bank account, you have to use his personal bank statements. But in this case do you do bank rec? Or just do you use the company's transactions and then carry on with business bank rec? 

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By johngroganjga
29th Mar 2017 22:55

In that case there is no bank reconciliation to do because there is no bank balance in the accounts to reconcile to anything.

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RLI
By lionofludesch
30th Mar 2017 09:04

What a question !

It's up to you.

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Replying to lionofludesch:
By johngroganjga
30th Mar 2017 09:43

I suspect that the OP is a client trying to guess what his accountant will do when the time comes, not an accountant asking for advice on how to deal with his client's affairs.

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Replying to johngroganjga:
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By User deleted
30th Mar 2017 09:59

I think, on this occasion John, you're being a tad over generous!
From the tags and, the mention of client, I'd imagine that this is a (very) naive enquiry?
I know, we all had to start somewhere, I just worry where some do start the journey, these days.
Fings aint what they were!

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Replying to User deleted:
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By SpreadsheetUser
30th Mar 2017 11:47

Yes, also posting anonymously kinda gives the game away

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