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Opening Balances : Bank Accounts

When you’re managing your accounts, it’s important to get everything right from the very start. Typically, this all begins from your opening balance. It’s important, therefore, to consider the definition of an opening balance and where and how this is to be used. What is the ‘opening balance’? The opening…

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Petty Cash

If you have a Petty Cash float then we advise managing it using a new bank account in KashFlow. Just follow the guidance below to get started. Setting Up First, create a new bank account to represent your petty cash account. Do that by going to Bank > Add New Account.…

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Reconciliation Settings

This guidance advises on a very important reconciliation setting in KashFlow. Reconciliation Date You can set a Reconciliation Date by going to Bank > click the Pencil icon next to the account that you would like to specify a reconciliation date for. If you have previously reconciled your statement up until a certain date (usually this is…

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Reconciliation Troubleshooting – Missing Transactions

This guidance advises on the causes and steps to take when your bank reconciliation is missing transactions. If when reconciling you find that there is transactions missing there are two principle causes; the transactions have been modified whilst the reconciliation was in progress, or the transactions have been reconciled in…

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