Account — Cash & cash equivalents

The Cash and Cash Equivalents account is a built-in account in Manager.io that represents your organization's cash assets, including both bank and cash accounts. While this account is automatically created when you add your first bank or cash account, you have the option to rename it to better suit your accounting needs.

Accessing the Account Settings

To rename the Cash and Cash Equivalents account, follow these steps:

1. Navigate to the Settings tab.
2. Click on Chart of Accounts.
3. Locate the Cash and Cash Equivalents account in the list.
4. Click the Edit button next to the account name.

Account Fields

When editing the account, you will encounter the following fields:

Name

Enter the desired name for the account. The default name is Cash and Cash Equivalents, but you can change it to reflect your preferred terminology.

Code

If you use account codes, you can enter a code for this account. This field is optional and can be left blank if not applicable.

Group

Select the group under the Balance Sheet where this account should be presented. This allows you to organize your accounts according to your reporting preferences.

Saving Changes

After making your changes, click the Update button to save them. Keep in mind that the Cash and Cash Equivalents account cannot be deleted, as it is essential for tracking your cash assets.

Additional Information

The Cash and Cash Equivalents account is automatically added to your Chart of Accounts when you create your first bank or cash account. For more information on managing bank and cash accounts, see Bank and Cash Accounts.