Starting balance — Employee — Edit

This guide explains how to set up starting balances for your employees in Manager.io. Use the StartingBalance-Employee-Edit form to record any amounts owed to or from employees as of your start date with Manager.io. This ensures your accounts accurately reflect existing employee balances.

The form includes the following fields:

Employee

Select the employee you have created under the Employees tab. This is the individual for whom you are setting up the starting balance.

Starting Balance Type

Choose whether the starting balance represents a debit or credit amount:

• Debit: Select this if the employee has been paid in advance. This means the employee owes money to the business.
• Credit: Select this if the business owes money to the employee, such as unpaid wages or expenses.

Starting Balance Amount

Enter the amount of the starting balance. This is the monetary value owed by or to the employee.

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By correctly entering starting balances, you ensure that your employee ledger accounts are up to date from the beginning of your record-keeping in Manager.io.