Cash accounts are used to record current transactions involving bills and coins. They are maintained by a business as physical repositories of cash. Possibilities include:
Before you can create a cash account, you must enable the Cash Accounts tab. Click below the left navigation pane, check the box for , and click Update. You will see the Cash Accounts tab added to the left navigation pane.
Click the Cash Accounts tab, then New Cash Account:
Define the cash account:
Namethe account so it will be recognizable. The name could include a description, a store’s location, or a clerk’s name.
Codeallows you to set the order in which cash accounts are listed. Enter a number. If blank, accounts will display in alphabetical order.
Currencyoptions will be available if you have set a base currency. By default, cash accounts are undenominated. That is, they are assumed to be in your native currency, whatever that is. But if you plan to use multiple currencies, or just want your currency symbol to appear on forms and reports, set a base currency. (Go to Settings Base Currency, select a base currency in the dropdown box and click Update.) Cash accounts will then automatically be denominated in your base currency. Change the selection for a specific cash account in its
Inactivebox appears only after an account is created. It can be checked if the account is closed. (Cash accounts cannot be deleted from Manager if they have any past transactions, because doing so would eliminate the records of those transactions and affect active Balance Sheet accounts.) If the box is checked, the cash account will not appear in lists for transactions in the Cash Transactions tab. The account will be greyed out in the Cash Accounts tab listing. Edit it to restore to active status.
Brilliant Industries has one business bank account used to receive money from customers and pay suppliers and employees. The business also holds cash on hand to pay for staff amenities and other petty cash expenses. Brilliant Industries creates one bank account and one cash account. It names the cash account Petty cash:
By default, all cash accounts are combined into an automatic control account named Cash on hand for Balance Sheet reporting:
Drill down by clicking the blue balance to see individual cash account transactions:
Of course, you can also view individual cash account balances directly in the Cash Accounts tab.
If you are migrating to Manager from another accounting system and have a balance in a cash account on your start date, enter a starting balance as described in this Guide.