I have read most guides on accounting, but my problem is:-
I have been closing the accounting period and go to next year, how could I enter starting balances of the year?? eg. cash and bank accounts, assets and other new assets?
also, the term starting balance menu from setting, is it a starting balance of accounting year or is the starting balance of the compony when it start operating?
The latter is the case. The opening balances are the balances of individual General Ledger accounts as per when you start using Manager. Unlike other software, Manager doesn’t have accounting periodes. It is one big database and for very report you can decide over which period of time the report has to show the results. That can be any periode of time. A whole calendar year but also from e.g. April 10 till June 26.