The Bank or Cash Account Edit screen in Manager.io allows you to create a new bank or cash account or edit an existing one. This guide provides detailed information on each field available in the form.
Enter the name of the bank or cash account. This name will be used to identify the account throughout the software.
(Optional) Assign a code to the bank or cash account if you wish. This can be useful for internal reference or sorting purposes.
If the account balance is in a foreign currency, select the appropriate currency from the dropdown list. This option is available only if you have previously set up at least one foreign currency in your business settings.
If you're using divisional accounting, select the division associated with this bank or cash account. This field appears only if you have established at least one division in your business.
If you have created custom control accounts for bank or cash accounts, select the appropriate control account here. This option is visible only when at least one custom control account exists in your business.
If the account is a bank account with an IBAN, enter the IBAN in this field.
Enable this option if the bank or cash account can include transactions that are pending. Selecting this allows you to add a secondary date to bank transactions, indicating when they were actually cleared on the bank statement.
For credit cards or accounts with an overdraft facility, you can set a credit limit in this field.
When you create a new bank or cash account, the initial balance is zero. To adjust the balance:
Receipts tab to increase the balance.Payments tab to decrease the balance.Journal Entries tab to create a new journal entry for multiple or complex adjustments.By carefully filling out each field, you ensure that your bank or cash accounts are accurately represented in Manager.io, facilitating precise financial tracking and reporting.