Special Accounts
Starting Balances
Special Accounts Starting Balances
Special Control Accounts are custom subsidiary ledgers. In Manager, subsidiary ledgers are used to record related transactions, such as those pertaining to a single customer, supplier, or type of asset or liability. They are summarized in a general ledger control account. Only the control account is reported on the Balance Sheet to reduce complexity. The balance of a control account equals the sum of balances of its constituent subsidiary ledger accounts.
For Special Accounts additional information
Click the Special Accounts Tab
Example
In our example a Note Payable Special Account has been setup with two Notes - Note1 and Note2 and we need to enter the starting balances
Select Edit for the account you want to enter a Starting Balance and the Input Form Displays
Enter your Starting Balance and Type and click Update
In our example we entered 5000 for the Starting Balance and Credit for the Type Of Account