* Ask my accountant

From the Archives

Originally published July 12, 2012

So I’ve borrowed this post’s title from accounting software packages that sometimes include a suspense account for bookkeepers and admins who are unsure just how to account for something. The accountant reviews the books and researches entries posted to this account, or the bookkeeper may run a report on the suspense account and call the accountant with questions about those entries. The challenge is asking the accountant in time to close the books at the end of each month or before reporting to the boss or board of directors. The next few posts field some of the top questions clients ask me during the month or during month-end closing. Enjoy these and email your top bookkeeping questions to martin@camcobra.com to see it posted here with an answer!