Accounts...

[lozzlepop]

So I've just taken over a unit, having been involved in the unit team for the last year.

I'm attempting to sort out the accounts from January (we run a January - December financial year) but don't have a hard or soft copy of last years (ex Leader's laptop has died and commissioner can't find a copy).

I think my best approach would be to take the balance from 1st January off the bank statements and then take it from there. Any alternative suggestions?

 

[Millie]

That is what I did when I took we had no accounts in the unit. So I used the cash balance and the bank balance. It took a while but it did work. However the DC did have the accounts from the year before. Good Luck!

 

[fenris]

Yes, start the accounts from the earliest date which records can be traced for, and manage the records from there onwards.

 

[lozzlepop]

Thank everyone. Sensible pragmatic approach wins, now just to find the last few receipts and then life gets much easier!

 

[Kochanski]

I took over a Rainbow unit from a lady who had been struggling to do a lot of the leadership role for a while and there were no accounts. The first year I handed in my own accounts, I just wrote 'last year's figures unavailable ' on the balance sheet. Everyone knew why, understood and just agreed we'd go from there. It's real life practicality.