Hi, I have deposited cash into the business account but not sure how to treat this transaction. After reading from the forum, I thought a journal entry was the right way instead of a receipt. But on the journal entry, it’s not showing me a cash account. On the screenshot below, I can only select…

When I created new business there was nothing under bank and cash accounts. Then I created cash at bank and cash in hand account. So now when I select under account, no cash account is showing. Please help

I have created these two accounts [image]

[image] Thrive_Creations: After reading from the forum, I thought a journal entry was the right way instead of a receipt. If cash is deposited after you started using manager then Receipt is the correct option. No need for Journal Entry. Make a receipt, “Received in” (The bank account in whic…

[image] [image] [image] I am reading from here - https://www2.manager.io/manager.pdf and I read the bank and cash accounts. I still have to finish the book.

Actually, I started the business with cash in hand because bank delayed to open company bank account so I did around 100 transactions from cash in hand and start recording in Manager. But the company bank account is active now and I have deposited some money as an initial investment. So you think …

[image] Thrive_Creations: So you think receipt will work in this case? Yes, absolutely. The business has received money after beginning to use Manager. Starting balances, and the journal entries now used to enter them, are only for situations where you are migrating from a prior accounting sy…

Cash introduced in business account

Muhamad_Almahdy April 24, 2024, 12:06pm 7

Add new cash account then create journal entry as in screenshot below.

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Cash introduced in business account

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