Cant find new bank account in 'getting started'

Question asked by Graeme Loudain 10 years ago

Hello I have set up a new bank account to record a loan. (Called Loan from WBT)

I want to enter the amount of the loan as at the start of this fin year.

Going into Settings/Getting Started/Cash the bank account doesnt appear - what am I missing?

Thanks

Graeme

(Products for offices)

1 Reply

Hello Graeme,

The reason why it does not show up there is because it is not a positive cash balance. As it is a loan, it will show up as a non-current liability.

The loan account will show up in Settings > Getting Started > Other Balances.

You will be able to enter the opening balance of your loan account on the credit side. Note, you may need to enter a corresponding debit side entry as well.

I feel it maybe prudent to use a journal via Tools > Journals > Create to credit the loan account and then debit the normal bank account or other account.

Vanish

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