Payments and receipts are correctly being logged in my Bank acc. However in the Balance Sheet the Bank acc only shows starting balance. From searching here, it seems that probably I created a bank acc from the Bank and cash Accounts tab, and also created the same bank account in the initial chart of accounts. To be honest I don’t remember what I did there, some months ago.
Is there something I can do to correct this situation?
Sorry in advance for my ignorance.
Some screen shots would be helpful
It is a matter of understanding how Control Accounts operate in Manager..io.
When you create a Bank account in the Bank & Cash Accounts tab in will be automatically assigned to the default Control Account called Cash & Cash Equivalents (unless you have set up your own Control Account(s)
viz. no option to select Control Account (as no custom Control Account has been set up)
viz. Custom Control Account has been set up and now option is available
Thanks guys, I gave up trying to find where I went wrong, so decided to give up on that business. Restarted entering the chart of accounts again, being careful not to create any bank accounts there. Then made a backup, in case of future trouble.
Just checked the P&L and BAL after entering a month of data.against the figures I got with myob. Yeah I’m going to redo the previous year of data, so I can check everything along the way. Perhaps a bit over kill.
So far all well.
