Some accounts such as Cash & Bank Accounts and Accumulated Depreciation Accounts cannot be selected when making a Journal Entry. For example I want to make a J.E for the below mentioned scenario: A new Asset-2 has been purchased through exchange of an old Asset-1 and paying the remaining amount in …

Please read the guide at https://www.manager.io/guides/9820 It explains why you can not select bank and cash accounts as you need to use payments and receipts. In Manager, most transactions are entered in other functional tabs, thereby automating many decisions about account posting and reducing …

Yes I have read this guide. But if Manager allows to select such accounts in making J.Es as well then recording some complex transactions would be easier as in my case. I have recorded the entry as allowed by manager, but presentation of this J.E in Reports in not clearly understandable [Capture]

If cash and Accumulated Depreciation accounts could be selected while making J.E, then this entry could have been made in a single step. And in reports it would be clearly understandable.

Manager deliberately excludes using cash and bank accounts from journal entries so that the software is more easily understood by non-accountants It is designed specifically to hide the intricacies of double entry accounting So there is no chance that journal entries will be expanded in the way th…

Both options may be provided so that in normal cases Receipts and Payments tab is used and for complex cases J.E can be made using any account head.

As I said, this is not likely to happen, ever

I think if we allow journal entries to debit/credit bank accounts, how does it impact cash flow statement or payment & receipt summaries? The idea of “complex” journal entries is OK if you only ever look at balance sheet, profit & loss statement or trial balance. But the moment you let journal ent…

The issue is what is the use case for using journal entries on bank accounts. If it is just because the user is in the habit of doing it that way in other software or it is using Manager in a manner which is counter productive for by far the majority of Manager users, then I’m not convinced investi…

I agree that Manager helps non accountants by hiding complexities of double entry accounting. But having all the options available in Manager will enable the accountants or book-keepers to record and present transactions accurately according to IAS and IFRS. Selection of “Cash, Bank, Accumulated De…

You can use journal entries for everything if you do not enable functional tabs such as bank & cash equivalents but set up all accounts in the Chart of Accounts. There are more disadvantages than advantages for most users as importing bank statements can no longer be done and need to be entered by h…

Complex Journal Entries

Topic		Replies	Views
Allow Accumulated Depreciation/Amortisation accounts in journals	45	7209	August 18, 2018
Journal Entries should have Bank and cash	38	3282	April 18, 2024
Accounting Adjustment	14	720	January 18, 2023
Journal Entries Drop down Account items to enhance	2	672	April 17, 2020
Depreciation fixed assets (expense) account	27	5650	January 18, 2023

Complex Journal Entries

Related topics