@vwits, it’s difficult to know what you are talking about because you are not using the terminology of the program.
What report are referring to? And what is “BANK?” There is nothing in the program called “BANK.”
Are you referring to the Reports tab? If so, please call it that. There is nothing in program navigation named “ledger.” If you are trying to look at individual bank balances, go to the Bank Accounts tab, not the Reports tab. Click on the blue balance figures for the bank account in question to drill down and see individual transactions for that account.
Cash at bank is a control account that summarizes all bank accounts for the balance sheet. So if you choose to see the General Ledger Transactions report for that account, you will see all transactions affecting bank accounts.
See above. Drill down and export if you a printed document. Normally, however, a bank account statement comes from the bank, not from your accounting system,.
I am not able to understand what you propose for this software…is it a billing software or is this an accounting software or we can call a real effort to create a billing software with basic accounting features which can minimize accounting efforts of people who don’t have much accounting knowledge…
I can stop greeting people who don’t love been greeted and about tag line that is not for people who don’t dream Hope you don’t have anything against smileys
Thank you for all your cooperation, support and understanding.
Manager is a double-entry accounting system for small businesses. Some of its features are listed here: https://www.manager.io/features/. The designer tries to minimize the degree of accounting expertise necessary to use it, but complete novices will probably struggle. Some of its modules are not as sophisticated as you might find with more expensive software, but you also have the possibility of unlimited free usage of the fully-featured desktop edition as well as cross-platform compatibility.
The designer tries to minimize the degree of accounting expertise necessary to use it,
I would applause and thank Lubos Hasko and his team for the hard work to provide a free software for small business t’s such a simple yet powerful and modern software. Every big business can buy / hire powerful setup of accounting software and accounting people…it’s great to see that someone / group of people thinking about ‘Small Business’ and helping them with such a nice software to work with.
Every software give anything or other a miss but that does not make it any less useful
Even if an accounting software does not have a thing named only as - Ledger , we all know without Ledger accounting ain’t possible Sir. Please refer to the URL -
However every accounting software has to deal with P/L A/c and balance sheet but with all I had been able to create Journal entries transferring funds in between always. you cannot justify that as it’s a control account it cannot be used in Journal entries.
No, you don’t. You can only do those things with completed transactions and reports. But you can export to a spreadsheet and do whatever you want. I am not sure why you would want to do any of those things with Manager’s bank transaction list instead of with the bank’s statement.
That was not my point. My point was that you were attempting to explain a navigation path in Manager by using terminology that does not exist within the program.
I was not justifying anything. I was explaining why you see transactions from multiple bank accounts when looking at reports for Cash at bank. That is a completely separate issue from trying to transfer money with a journal entry. Regardless of what your experience with other programs has been, you cannot use journal entries in Manager to record transactions involving movement of money into or out of a business. You must use the Receipts & Payments tab. Therefore, Cash at bank does not appear as an account selection option for journal entries.
Every small business may have at least one Primary Bank Account (Current Account)
Steps to transfer funds to another Bank account (Created under Asset) as we directly cant access Cash at bank selection option for journal entries.
1> Add under ‘Bank Accounts’ -> Primary Bank Account (i)
2> Now under Settings -> Chart of Accounts -> Assets -> (Create an account)-Bank Withdrawal A/c
3> Now under Settings -> Chart of Accounts -> (Create an expense account)-Second Bank Account (ii)
4> Go to -> Receipts & Payments Tab -> New Expense -> issue payment to Bank Withdrawal A/c
5> Go to Journal Entries now you can create a new Journal Entry for ‘Bank Withdrawal A/c’ to ‘Second Bank Account (ii)’ as here both will be accessible in Journal Entry.
So this way your funds from ‘Primary Bank Account’ (i) can be transferred to ‘Second Bank Account (ii)’ where you may be thinking of parking some money for any other business investment or emergency.
Both accounts ( Primary Bank Account (i) & Second Bank Account (ii) ) will also be shown under -> Assets in your Dashboard
Now how to list individual statements for both Bank accounts created by you is as below
Go to -> Reports -> General Ledger Transactions -> New Report -> Select the date -> select the account ( both accounts will be found here ‘Primary Bank Account (i)’ as Cash at bank ) and the (’ Second Bank Account (ii)’ as 'Second Bank Account (ii) ')
Now Print / PDF / Email your statement, jingle mingle and say cheers
Not necessarily. Lots of businesses operate only on cash. And whether you have bank or cash accounts, you cannot record movement of money into or out of the business with a journal entry in Manager. I told you that before.
Everything about your process is wrong. A bank account cannot be an expense account, and creating a bank account only for withdrawals is completely illogical. If you want an individual bank account to show on the balance sheet, create a unique custom control account for it. See https://www.manager.io/guides/9256. Name the custom control account the same thing as the bank account.