Starting Balances — Bank and Cash Accounts

When you first start using Manager for your accounting needs, it's important to enter the starting balances of your existing bank and cash accounts. This ensures that your financial records reflect accurate account balances from the beginning.

Accessing the Bank and Cash Accounts Tab

To begin, navigate to the Bank and Cash Accounts tab in the left navigation pane. This tab displays all the bank and cash accounts you have created.

Creating a New Starting Balance

To set up a starting balance for a bank or cash account:

1. Click on the Starting Balances button at the top of the Bank and Cash Accounts screen.
2. In the Starting Balances screen, click the New Starting Balance button.

Entering Starting Balance Details

You will be taken to the Starting Balance entry screen for bank or cash accounts. Here, you can enter the necessary details:

• Account: Select the bank or cash account for which you're entering the starting balance.
• Date: Enter the date of the starting balance. This is typically the date you begin using Manager.
• Amount: Input the starting balance amount of the account as of the date specified.

After entering the details, click Create to save the starting balance.

Additional Information

For more detailed instructions and information on filling out the starting balance form, including handling foreign currencies and reconciliation, refer to the Bank or Cash Account Starting Balance Form.

By accurately entering your starting balances, you'll ensure that your financial statements reflect the true financial position of your business from the outset.