balancing the books

im helping my sister with her bookeeping she has a reciept for 50 pounds but accidently added 54.70 in can i just add the 4.70 in on other money coming in for cash or do i need to recalculate all the figures again?



Hi Emma!

Here's what I'm thinking...if your sister actually deposited the 54.70, if the 4.70 was her money, then show it as an owner contribution, or find out where that 4.70 came from so you can post it correctly. However, if she only deposited the 50.00 into her cash account, then you have to recalculate.

Hope that helps!


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