Home book keeping for the compleat Fetchie

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Feb 2023
11:07am, 5 Feb 2023
143,180 posts
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GregP
Sure I've asked this before, but what way round should my debit and credit column be, or doesn't it matter?

I have debit then credit - and I'm sure I did it that way round for a reason. Santander statements download as "Money in" then "Money Out"...
Feb 2023
11:55am, 5 Feb 2023
68,132 posts
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GlennR
Debit on the left. Old joke is it's the one nearest the window.
Feb 2023
3:51pm, 5 Feb 2023
143,184 posts
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GregP
Thanks. I suspect I had it that way round because I’ve asked you before, in which case sorry.
Feb 2023
5:40pm, 5 Feb 2023
49 posts
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Slowboy
DRive on the left, CRash on the right
Feb 2023
6:27am, 6 Feb 2023
143,186 posts
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GregP
Thanks.
Apr 2023
5:43pm, 26 Apr 2023
145,096 posts
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GregP
What's the term again for an account that isn't really an account but a column in a spreadsheet? I was going to phone Glenn but I'm not sure how to do that from my laptop.

It'll come to me if I type long enough
Apr 2023
5:44pm, 26 Apr 2023
145,097 posts
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GregP
[the DRive/CRash thing is surprisingly useful - thanks again)
Apr 2023
5:45pm, 26 Apr 2023
145,098 posts
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GregP
Memorandum accounts - GlennR 2:52pm, 19 Aug 2022 - thanks all. As you were.
7 Mar
1:25pm, 7 Mar 2024
151,135 posts
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GregP
Duplicate post on retirement thread and accounting-for-non-specialists thread - sorry
----

One has a SIPP. One 'crystallises' (?) the tax free bit and this is called a PCLS (pension commencement lump sum), yes?

What's the rest of it called? Does it have a technical name?
7 Mar
9:50pm, 7 Mar 2024
74,748 posts
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GlennR
Not that I know of. Even the terminology for PCLS is different on my accounts.

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Maintained by GregP
Be gentle, for I am just a simple soul.

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