On Sat, 7 Jan 2023 at 23:15, Adrien Monteleone <
adrien.montele...@lusfiber.net> wrote:
> Yes, the principle of Materiality.
The link Geoff gave was quite useful to me. I have noticed some differences
between my calculations and my accountants before. He has replied “That
will be reflected in
Yes, the principle of Materiality.
It isn't worth spending time looking for small errors. Just adjust them
out and move on.
Otherwise, I'd say enter the transaction on what you think is the proper
date and re-reconcile.
But that begs the question, how did you reconcile without it?
If you
Minor Transactions
Accountants may sometimes deem minor transactions to be immaterial. This
may happen when a financial controller is attempting to close the books
for a particular accounting period. Accountants can choose to omit minor
transactions from the final calculations if they would
On Sat, 7 Jan 2023 at 14:37, Maf. King wrote:
>
> Is the Effective Legal Tax date 6th or 19th? Enter it to that date. The
> reconcilliation will not be affected either way.
>
> Maf.
Certainly not the 19th, but probably not the 6th either. It was for postage
and a pickup fee. I must have
On Saturday, 7 January 2023 14:21:21 GMT Dr. David Kirkby wrote:
> I'm inputting my 2022 accounts, and have reconciled up to 10/04/2022
> (DD/MM/). Now I just found a refund, dated 06/04/2022, but does not
> appear in the bank account until 19/04/2022. Is it safe to create a credit
> note,
I'm inputting my 2022 accounts, and have reconciled up to 10/04/2022
(DD/MM/). Now I just found a refund, dated 06/04/2022, but does not
appear in the bank account until 19/04/2022. Is it safe to create a credit
note, dated 06/04/2022, then reconcile up to 19/04/2022 at a later date? Or
should
