Bank reconciliation

Prior years transactions un-posted so credit card account won't balance

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Hi

 

Is there any better way of fixing/adjusting  a credit card statement account  without affecting the prior years accounts which have now been closed. where some transactions from 2021 were not posted on the accounting system. In short, I have the statement and cashbook don't balance.   Thank you for those who will help. We use Xero as the accounting system

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By johngroganjga
01st Aug 2023 14:05

Unless the omitted transactions are material, account for them in the next accounts to be prepared.

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Replying to johngroganjga:
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By Adeline
02nd Aug 2023 14:33

Thank you. the transactions are not material at all. All in all it's just about £2000

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