Cash at bank

1

Dear Manager Guru’s,

I need clarification & help on Manager as I am very new user for Manager.

When I make payment or receipts it is getting affected with cash at bank account instead of actual bank account.
I need payment & receipts should affect the ledger account which is selected and bank account instead of cash at bank account.
I have created new bank account as BOFA

2

Cash at Bank is a Control Account which has the bank accounts you create as sub-accounts.

If you drill down on Cash at Bank you will find the account you created assuming you created the bank account BOFA account using the Bank Accounts tab

3

Hi Joe91,

Thanks for the prompt reply, however can we make only one account for the bank like BOFA instead of cash at bank. If not can we merge both the account?

4

There at not two accounts but only one - the one you created.

5

@Anil_Thomas, it is not clear what you are asking. Are you saying you want a bank account named BOFA to show directly on the balance sheet instead of being grouped with other potential bank accounts under the control account Cash at bank? If so, you must create a separate custom control account for bank accounts and assign BOFA to that control account instead of the default Cash at bank. See the Guide: Add custom control accounts | Manager.

6

Will that keep all the features of the built-in Cash at Bank eg Bank Reconciliation, working?

7

Yes. Those features go along with a properly defined bank account, irrespective of the control account to which the bank account is assigned. (This is no different than setting up a credit card as a bank account under a custom control account in Liabilities.) You can repeat the process as many times as desired and have all bank accounts show separately on the balance sheet, each as its own control account.

8

Thanks

9

Yes, if you only have one bank account (BOFA) listed under the Bank Accounts tab, then you can go to Settings > Chart of Accounts and click Edit next to Cash at Bank and change the name to BOFA. This way you don’t need to have additional Control Accounts set up.

10

one bank account and no petty cash account

11

Thanks

12

Actually, that would not be a restriction affecting @Brucanna’s single-bank-account approach. The petty cash account would appear under Cash on hand (which could also be renamed in a similar move).