Bookkeeping, starting balances, and bank statements
How do I create a budget and compare it with actual spending?
Compare the budget you planned with actual amounts recorded in the same account, month, and currency.
How do I import a bank statement for reconciliation?
Import the statement as bank evidence, then match its rows to the transactions already in your books.
How do I match a bank statement line to an existing payment?
Match money already recorded through an invoice or bill instead of adding another receipt or cost.
How do I create a bank rule to suggest categories?
Use bank rules to suggest categories for new entries from unmatched statement lines. Match payments already in your books separately.
How do I resolve unmatched bank entries and duplicate statement imports?
An unmatched row needs a real explanation. A duplicate statement warning needs a check of the existing import.
How do I close or reopen a bank reconciliation period?
Close a bank reconciliation only after the statement and recorded transactions agree.
How do I enter opening balances from another system?
Agree a starting date and decide which history you are bringing across before posting balances.
How do I add an account to my chart of accounts?
Keep account names clear and preserve the history attached to them.
How do I choose the right account from my chart of accounts?
Choose an account that describes the transaction you are recording.
How do I enter customer opening balances and credits?
Record a customer’s starting debt or credit without creating a new sale.
How do I enter vendor opening balances and credits?
Record an existing amount owed to or by a vendor without recording a new purchase.
How do I correct an opening balance without duplicating sales or bills?
Correct the existing opening entry through the screen that created it. Do not enter the same starting amounts again.
How do I record and review a manual journal entry?
Use a manual journal for an accounting adjustment that is not already represented by a document or payment.
How do I lock a completed accounting period and review exceptions?
The account owner can protect completed books and temporarily open a small date range for an agreed correction.
How do I set up a fixed asset and review its depreciation?
Record equipment once, then review its depreciation over the period it is used.