How to Set up a Bank Balance

Modified on Tue, 26 Mar 2024 at 01:07 PM

[embed]https://www.youtube.com/watch?v=hzPl4bw5Tsc[/embed] 


Step 1: Set up your bank balance by going to Financials > Bank Accounts  

   

 Step 2: Click the drop-down on the selected bank account and select Set up bank balance

    

Step 3: Add a conversion date and starting balance. Note that the conversion date is the date that you want payments to start showing from your bank account. If you want to start reconciling from 1st of September onwards then select 01/09/2020

    


Step 4: Then your Bank Balance is set up, note that the Arthur Balance to the right equates to your cash book plus the starting balance.When you are fully reconciled they should match.

  Note: Bank balance is the sum of the starting balance and your bank statements 

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