ETB Balancing

If an ETB doesnt balance do you open a Suspense Account or is it only for a Trial Balance?

Comments

  • Woooof
    Woooof Registered Posts: 174 ? ? ?
    Open a suspense account on a trial balance.

    On a ETB, it will be included in your profit/loss figure.

    As far as I know anyway :confused1:

    EDIT: Do you mean if your balance sheet and P+L "profit/loss" figure don't match?
  • jewels.p
    jewels.p Registered Posts: 1,774
    Woooof wrote: »
    Open a suspense account on a trial balance.

    On a ETB, it will be included in your profit/loss figure.

    As far as I know anyway :confused1:

    EDIT: Do you mean if your balance sheet and P+L "profit/loss" figure don't match?


    Yes that's what I mean! What should I do then?
  • Woooof
    Woooof Registered Posts: 174 ? ? ?
    jewels.p wrote: »
    Yes that's what I mean! What should I do then?

    No idea!!! :thumbdown:

    I might just pray that mine balances :(
  • jewels.p
    jewels.p Registered Posts: 1,774
    Woooof wrote: »
    No idea!!! :thumbdown:

    I might just pray that mine balances :(

    :laugh: I think nerves maybe kicking in cause I'm asking silly questions now!:laugh: Away to have lunch and then set off. Good Luck and I hope your Balances Balance!:001_smile:
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