My Brian has gone dead!

princess246
princess246 Feels At HomeRegistered Posts: 49
Help need please

When you journal a opeing bank balance on to your accounting software would the journal be

Debit Bank
Credit Cash?

Its really bugging me now.

Any help appreciated

Comments

  • PAMDILL
    PAMDILL Experienced Mentor Registered Posts: 718
    Help need please

    When you journal a opeing bank balance on to your accounting software would the journal be

    Debit Bank
    Credit Cash?

    Its really bugging me now.

    Any help appreciated
    Yes, if you are transferring money from cash to the bank.
  • fatandforty
    fatandforty Experienced Mentor Registered Posts: 553
    Help need please

    When you journal a opeing bank balance on to your accounting software would the journal be

    Debit Bank
    Credit Cash?

    Its really bugging me now.

    Any help appreciated

    Who's Brian? lol :lol:
  • farmergiles
    farmergiles Font Of All Knowledge Registered Posts: 1,693
    Who's Brian? lol :lol:

    Dunno, but he is dead....RIP Brian:lol:
  • taskey
    taskey Font Of All Knowledge Registered Posts: 1,800
    he did always look on the bright side though
  • princess246
    princess246 Feels At Home Registered Posts: 49
    Hahaha oh my God i did not realise. You may of guessed i meant brain.

    Would that journal be correct if the money was a opening balance from last years bank balance?
  • farmergiles
    farmergiles Font Of All Knowledge Registered Posts: 1,693
    Hahaha oh my God i did not realise. You may of guessed i meant brain.

    We'll let you off, seeing as it is Friday 13th:lol::lol:
  • blobbyh
    blobbyh Font Of All Knowledge Registered Posts: 2,415
    "My Brian has gone dead"?

    I thought it was a euphemism and was gonna suggest Viagra...
  • taskey
    taskey Font Of All Knowledge Registered Posts: 1,800
    :lol::lol::lol::lol::lol:
  • Diannew
    Diannew Font Of All Knowledge Registered Posts: 2,814
    blobbyh wrote: »
    "My Brian has gone dead"?

    I thought it was a euphemism and was gonna suggest Viagra...

    :lol::lol::lol::lol:

    Thank you for something a little light hearted today.......
  • princess246
    princess246 Feels At Home Registered Posts: 49
    i CAN STOP LAUGHING MYSELF NOW well im glad i made some peeps smile.
  • Paul24
    Paul24 Experienced Mentor Registered Posts: 578
    Who's Brian? lol :lol:

    He's not the messiah - He's a very naughty boy!!
  • farmergiles
    farmergiles Font Of All Knowledge Registered Posts: 1,693
    Paul24 wrote: »
    He's not the messiah - He's a very naughty boy!!
    He didn't kill the parrot, did he:lol::lol:
  • fatandforty
    fatandforty Experienced Mentor Registered Posts: 553
    Paul24 wrote: »
    He's not the messiah - He's a very naughty boy!!

    This has really tickled me now:lol::lol::lol::lol:
  • Diannew
    Diannew Font Of All Knowledge Registered Posts: 2,814
    This has really tickled me now:lol::lol::lol::lol:


    Ooooh!! just like the pilsbury dough man on the other thread, he got tickled in his tummy and ""giggled"":lol::lol:
  • fatandforty
    fatandforty Experienced Mentor Registered Posts: 553
    Diannew wrote: »
    Ooooh!! just like the pilsbury dough man on the other thread, he got tickled in his tummy and ""giggled"":lol::lol:

    Good job I am at home and not sitting in an office laughing out loud! Think I'd be carted off by the men in white coats:001_tt2:
  • A-Vic
    A-Vic Expertise Guaranteed Registered Posts: 6,970
    Diannew wrote: »
    Ooooh!! just like the pilsbury dough man on the other thread, he got tickled in his tummy and ""giggled"":lol::lol:

    OOOOOOOO HOW VERY DARE YOU :lol::lol::lol:
  • A-Vic
    A-Vic Expertise Guaranteed Registered Posts: 6,970
    Giggles
  • crispy
    crispy Trusted Regular SouthamptonRegistered Posts: 456
    Is that not the stay-puft marshmellow man like from Ghostbusters? :001_smile:

    To Orignal Poster- do you not have an opening Trial Balance print-out where you can enter all debits/credits including the Bank balance?
  • A-Vic
    A-Vic Expertise Guaranteed Registered Posts: 6,970
    crispy wrote: »
    Is that not the stay-puft marshmellow man like from Ghostbusters? :001_smile:

    To Orignal Poster- do you not have an opening Trial Balance print-out where you can enter all debits/credits including the Bank balance?

    thank goodness someone agrees with me :thumbup1:
  • princess246
    princess246 Feels At Home Registered Posts: 49
    No I dont have a TB from the prev year as i took over the accounts just a month ago.
  • garry_coombs
    garry_coombs Well-Known Registered Posts: 108
    you'd need to enter a full balance sheet all in one entry and that should balance it, so bank, cash, debtors, creditors, capital accounts/retained earnings.

    you will need last years TB to be able to do it this year.
  • ajames
    ajames Settling In Nicely Registered Posts: 17
    No I dont have a TB from the prev year as i took over the accounts just a month ago.

    Do you have PY accounts and working papers?
    Usually, there would be journal entries for all the balance sheet items at the start of the year.

    Whilst waiting for the details and to get on with the bookkeeping, I would post the bank to a suspense code. Then replace the bank entry with suspense when doing the journals.
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