The Bank and Cash Accounts tab within Manager.io provides a centralized location to manage all incoming and outgoing financial transactions for your business's bank and cash accounts.
If the Bank and Cash Accounts tab is not displayed, you need to enable it first. See Tabs — Customize for guidance.
To add a new bank or cash account:
On creation of the first bank or cash account, two essential accounts are automatically added to your Chart of Accounts:
For more about these accounts, refer to Chart of Accounts.
If your new bank or cash account has existing funds, set these starting balances under Settings → Starting Balances. For details, refer to Starting Balances — Bank and Cash Accounts.
By default, all bank or cash accounts are sub-accounts under the Cash & cash equivalents control account. Your financial statements (such as your Balance Sheet) will collectively show the total balance of your accounts under this single label.
However, you may prefer more detail, such as categorizing accounts into separate groups (for instance, credit card accounts, bank loans, or term deposits). To achieve this, create multiple custom control accounts and reassign each bank account accordingly. This allows accounts like credit cards or loans (typically liabilities) to appear separately under your Liabilities on financial statements.
To display each bank or cash account individually on the financial statements, create a custom control account for each respective account. See Control Accounts — Bank and Cash Accounts for more information.
To save time entering transactions manually, use the Import bank statement feature:
Alternatively, connect your bank accounts automatically to a Bank Feed Provider to retrieve transactions without manual imports. See Connect to Bank Feed Provider.
The following columns help you effectively monitor and manage your accounts:
Customize columns visibility to match your needs by clicking the Edit columns button in the bottom-right corner. For further details, refer to Edit columns.