Hi Lubos
Can I avoid double-entry in my journal entries. As of now I can’t reconcile because all my entries show unbalanced and I cannot have a debit equaling my credit for each transaction. Please help
Please do not divert topics with unrelated questions. Your question has been moved to its own topic.
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To answer your question, you cannot avoid double entries. Manager is a double-entry accounting system. If you don’t want to use double-entry accounting, you should not be using Manager. If you don’t understand double-entry accounting, spend some time learning first. Try accountingcoach.com.
Thank you
Ok I did double entry on all of them, they are all balanced in green, I am trying to reconcile and put the ending balance (first time reconciling) per bank and it still won’t reconcile. I made sure there were no other entry anywhere, all matches, what could be the problem?
TIA
You will need to clarify what you mean when you say “it still won’t reconcile.” I presume you are referring to a bank account. Were all your receipts and payments into or out of that bank account? Was there a starting balance for the account? Did you read and follow this Guide on bank reconciliation: Manager Cloud?
Most important, were the transactions entered in the Bank Transactions tab? You cannot enter transactions involving movement of money via Journal Entries in Manager. See these Guides:
https://guides.manager.io/7821
https://guides.manager.io/7820
If you are referring to something besides a bank account, what is it.