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Bank closing balance tr. as opening of next financial year

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 May 2015 Dear Sir,
please solve my query,
We have to change our accounting software, i.e. Tally to Busy , after finalizing the accounts, I have put closing balance from our audited B.Sheet in software, but can I put the bank balance from Balance sheet,or I should put the same from Bank Statment.(31.03.2015). because if I put from Balance sheet then some entry to be receonsiled in next financila year,
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
28 May 2015 You have to take the balances from the ledger & cash book into the new accounting software; i.e. the balance sheet figures. You cannot take the bank statement balance as the ledger balances of the books must continue.
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