Add a bank or cash account

Add each bank account and cash box you use. Every payment in and out goes through one of them.

Before you start: Have your bank name and account number ready.

Steps

1Go to Cash & Bank Book › Accounts and click Create.
2Pick the account type: Cash, Bank Account, Clearing Account, Loan Receivable or Loan Payable. Click Next.
3Enter the Account Name and pick the Currency. Account Code is optional.
4For a bank account, pick the Bank Name, enter the Account Number and pick the Account Type: current, savings or fixed deposit.
5Click Save Account.

Tip: You don't need to know the accounting side. Duitbooks sorts each account into the right place in your reports.

When do I use a clearing account?

For money that's on its way, like cheques in clearing or payment gateway settlements.

Where do I record a bank loan?

Add it as a Loan Payable account.

Can I change the details later?

You can change some details later. Open the account and edit it.