Opening balance journals

Opening balance journals

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As a bookkeeper I am normally supplied with opening balance journals from clients accountants. One accountancy firm will not supply me with them and when I chase supplies a trial balance only, commenting that any worthwhile bookkeeper would only require this.

Client has just incorporated and they have insisted that I can just use the closing trial balance from the old sole trader.  I am not sure that this is correct as there were personal loans, and leases for a car.

I would be grateful for any comments.

Many thanks

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By petersaxton
09th Jul 2011 01:21

Awkward accountant

Ask how they want you to treat the items you have queries about.

If they say something that doesn't seem right then question it.

I agree with you though. The accountants seem to be acting awkward.

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