Bank Accounts-Cash

Starting Balances

Starting Bank and Cash Account Balances

Beginning bank account balances are entered using the Bank and Cash Accounts Tab. If you're not tracking pending transactions enter the book balances from your prior accounting records. This balance should include any pending transactions.

You have two options:

Enter the starting balances when you enable the Bank and Cash Accounts Tab
Enter starting balances for all accounts later - I prefer this option

The accounts have been enabled; but, the balances have not been entered.

For those wanting to enter all their starting balances later:

Select the Bank and Cash Accounts Tab

The Bank and Cash Accounts Screen Appears

Click the Edit Button for the Bank Account

The Bank Entry Form is displayed

Enter the Starting Balance - in our example $1000

Click Update

The Bank and Cash Accounts Screen is displayed showing a balance of 1,000