Cash & Cash Equivalents

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1

When I receive money from a customer I create a receipt, I enter the bank account that the receipt is added to yet in the summary screen the money received is shown in the cash & cash equivalents account not the bank account. I have more than one bank account and want the money to appear in the appropriate account not in the cash & cash equivalent account. I would really like to delete that account but the program won’t let me.

Thanks for your help

2

By default, all bank and cash accounts are grouped into the control account Cash & Cash Equivalents

You can set up your own control accounts so that each bank and cash accounts appears separately in the Summary page and on the Balance Sheet report

3

Thanks for your help that gave me the results I wanted. Thanks again

4

We keep 3 different bank accounts, each with different currency. As I generated my balance sheet for 2025, I noticed that the usd account is not converted to match the local currency so the total cash in bank balance is not correct as the usd account is showing the usd figure, and the exchange rate is 1=1 . How do I correct this? My currently dated balance sheet has no problem though. The accounts with foreign currency are automatically converted.