Setting up bank account(s) at the start of your 30-day free trial

Click on the Banking icon in the toolbar.


Click Add Bank Account


Enter the bank account name and starting balance at the beginning of your financial year. This should be taken directly from your bank statement. 


Click Add Uncleared Deposit or Add Uncleared Withdrawal to enter outstanding checks or deposits that were written in the prior financial year but did not clear the bank after the start of the new financial year.


Note that entries you make in this section do not affect your current year numbers at all. They are here as placeholders for the bank reconciliations. This is a security measure. It is most transparent to enter the bank statement opening balance, which is easily verifiable, and then enter any known outstanding items to arrive at a true starting balance for the year. 

For uncleared deposits: Enter the date, who the money was received from, the amount, and a reference number if any. Continue to do this for every deposit that you show as being made in your previous year that did not show on the bank statement.

For uncleared withdrawals: Enter the date, who the money was paid to, the amount, and a check or reference number if any.

When you’re finished adding uncleared transactions, click Save.

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