# Cash on hand not going back to zero

**URL:** <https://forum.manager.io/t/cash-on-hand-not-going-back-to-zero/1209>\
**Category:** Uncategorized\
**Created:** [July 1, 2014, 2:49pm UTC](https://forum.manager.io/t/cash-on-hand-not-going-back-to-zero/1209 "2014-07-01T14:49:56Z")\
**Posts on this page:** 5\
**Page:** 1

<div class="post-metadata">

**Author:** ![circus07](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/circus07/32/320_2.png) [@circus07](https://forum.manager.io/u/circus07)\
**Post date:** [July 1, 2014, 2:49pm UTC](https://forum.manager.io/t/cash-on-hand-not-going-back-to-zero/1209/1 "2014-07-01T14:49:56Z")

</div>

I just reset the dates for the start of the new financial year but the cash on had has not gone back to zero, just wondering how to reset it??

---

<div class="post-metadata">

**Author:** ![lubos](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/lubos/32/62798_2.png) [@lubos](https://forum.manager.io/u/lubos)\
**Post date:** [July 2, 2014, 3:10am UTC](https://forum.manager.io/t/cash-on-hand-not-going-back-to-zero/1209/2 "2014-07-02T03:10:37Z")

</div>

Where did you set the start of the new financial year? On `Summary` tab by clicking on `Customize` button?

By the way, `Cash on hand` is an asset account. None of your assets (and liabilities) get wiped out just because new financial year has started.

---

<div class="post-metadata">

**Author:** ![circus07](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/circus07/32/320_2.png) [@circus07](https://forum.manager.io/u/circus07)\
**Post date:** [July 3, 2014, 6:05am UTC](https://forum.manager.io/t/cash-on-hand-not-going-back-to-zero/1209/3 "2014-07-03T06:05:16Z")

</div>

NFY is set for 01.07.2014, it’s just strange looking at the cash on hand when I know theirs not any!!!

---

<div class="post-metadata">

**Author:** ![lubos](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/lubos/32/62798_2.png) [@lubos](https://forum.manager.io/u/lubos)\
**Post date:** [July 3, 2014, 7:39pm UTC](https://forum.manager.io/t/cash-on-hand-not-going-back-to-zero/1209/4 "2014-07-03T19:39:50Z")

</div>

Then it means you haven’t recorded all transactions under `Cash accounts` tab.

Accounting is about recording all transactions across your accounts, if you would record all transaction, you would end up in Manager with the same as is your real balance. So go to `Cash accounts` tab, have a look at transactions and enter missing ones.

New financial year has no impact on balances of your asset and liability accounts because those are permanent accounts. New financial year resets your income and expense accounts only.

---

<div class="post-metadata">

**Author:** ![Ealfardan](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/ealfardan/32/63166_2.png) [@Ealfardan](https://forum.manager.io/u/Ealfardan)\
**Post date:** [January 18, 2023, 3:40pm UTC](https://forum.manager.io/t/cash-on-hand-not-going-back-to-zero/1209/5 "2023-01-18T15:40:47Z")

</div>

Closed on January 18, 2023, 3:40pm UTC