Using manager since 2017, and really like it, but i wander why the ‘starting balance equity’ (in my case: €3753,57 entered on 1/1/2017) is being kept as a separate item in the summary (and in the equity reports) of the following years. why is it not settled in with the ending balance of that same y…

Maybe you could post a few screen images of the figures to make it more concrete - you could always enter a journal entry to transfer values to the Equity account

Have you set the desired reporting period? Close an accounting period | Manager

Starting balance equity is an account Manager automatically creates to force your books to balance when you have made errors in your initial setup. It should never be there and must be corrected. Drill down on it from the Summary to see what makes it up and trace the problem back from there. Journa…

Go to [Settings] [Starting Balances]. You will see a button [Set Date]. Click on the button and enter the starting date of your administration, like 01-01-2017. Return to [Settings] [Starting Balances]. You will see a debit and a credit column. You also see the total of these columns. Calculate …

Thank you all. When I look at the values I entered in the starting balances back in 2017, I can see that the debet/credit columns are not equal… so I think I made a mistake there… [04] I have to compensate the difference on the credit side and edit the cumulative result of the equity. But what is…

Entering Starting Balances is unaffected by the Lock Date, but best to remove it before altering Starting Balances. Edit Retained Earnings or Capital (or both) to insert 3753.57 credit so that the totals at the bottom of Starting Balances screen are equal (4004.57). Changing Starting Balances will…

While transactions after your start date have not been affected, your balance sheets have been incorrect. If that matters, they will be automatically corrected when your starting balances are corrected (if you saved them). If you did not save them, they can be recreated.

'Starting Balance Equity' not settle after a year of administration?

Tut Split this topic April 16, 2019, 11:48am 9

A post was split to a new topic: Adding equity accounts

Topic		Replies	Views
Starting Balance Equity	13	1505	January 18, 2023
Starting balance equity	11	3426	January 18, 2023
Beginning Balances in Capital Accounts	18	3910	January 18, 2023
Equity & Retained earnings	2	1512	January 18, 2023
How to Starting balance equity	4	875	January 18, 2023

'Starting Balance Equity' not settle after a year of administration?

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