Posting query

[hettydehaan]

Hi
I have just taken over doing someone else's accounts and have noticed various anomalies with last year's accounts which I now need to rectify.

Entered under accruals is a figure from 2 years ago of £34743, this now needs to be written off but hasn't been reversed and I have no idea where it has come from. Where should I post the credit if the debit is posted to accruals?

Thanks

 

[Counterofbeans]

You can't look up the JE in the system?

 

[hettydehaan]

Sadly not as their company has gone bust and I'm using a different system!

 

[Counterofbeans]

Probably doesn't matter too much. If all else fails, hit some SG&A or other expense

 

[hettydehaan]

SG&A???

What is this please?

 

[Counterofbeans]

Selling, General, and Administrative (SG&A)

Basically, it doesn't matter all that much where you take it at this point. If you truly have nothing to go on whatsoever, just accumulate these types of JEs into a single income statement account and move forward