Hi,
I am trying out the software, and would like to know how to start the accounts from my last bank statement balance, so that i can be accurate and up to date.
What entries do i need to make and where? e.g, where do i input the current account balance to start with?
Also in the payment categories drop list, can i add different items in this?
thanks.
Pete
Hi Peter,
To input your bank balance, go to the Accounts list and double-click on the 'Cheque Account' item. Enter your bank balance as the opening amount. You can also enter other bank account amounts (e.g. Mastercard, Bank Loan).
Also, if you have any outstanding bills from suppliers you should create new purchase invoices for the outstanding amount.
You can add more expense account categories - click menu File > New > Account and enter the name (also make sure the account type is 'Expense')
Cheers,
