Settle this for me. My company has some smaller sub's with literary nothing going through the P&L other than bank charges and interest received, we're talking less than £1k per annum.
There was a small balance from the balance sheet that was to be written off to the P&L and myself and some other colleagues had coded this to either interest received or bank charges. The highest value was for 12p. Our new head of internal audit had a heart attack at this, saying we should 'find the correct GL for this'. Whilst I don't think what we do is wrong as such, do you agree that spending hours looking for where the error has occurred for such a small value is nonsense?
Answers on a post card please, or just down below would be fine.