Connect Bank Account to Cash at Bank

1

Hi all,

I’m wondering how to connect my bank accounts to the cash at bank?
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like receive a transfer HKD xxx from somebody, can this number be added to the related bank account (HKD account)?

thx!!!

2

Bank accounts are, by default, subsidiary ledgers under the built-in control account, Cash at bank. The only way that does not occur is if you deliberately create a custom control account and assign the bank account to it.

Your second screen shot shows a listing a journal entries. No transaction involving the movement of money into or out of the business can be entered as a journal entry in Manager. Receiving a transfer from someone outside the business is a bank transaction. Read this Guide: Manager Guides.

3

Thanks a lot!

And one more question~

You said, “No transaction involving the movement of money into or out of the business can be entered as a journal entry in Manager.”

I guess all the transactions can be separated into 2 groups: money in & money out.

So what kind of transaction can be recorded as a journal entry?

Thank you again!

4

there is almost no use for journal entries in Manager.
i would recommend you to read all the guides first which would help you understand how things are entered in Manager.

5

While many can be, not all can.

Here are a few examples:

  • Distribution of Retained earnings to capital accounts in a partnership. (Not payment of earnings, but assignment of them to individual partner’s capital accounts.)
  • Transfer of the accrued portion of an insurance premium from an advanced payments asset account to a current expense account under accrual basis accounting.
  • Clearing of Expense claims liabilities to Owner’s equity for a sole trader.
  • Upwards adjustments of inventory to conform accounting records to physical stock counts.

Read this Guide in particular: Manager Guides.