• From: Netherlands, Emmen
  • Registered: 07/15/2010
  • Posts: 32

Topic: add money to bankaccount

Hi,

It seems a little strange, but I want to move from osFinancials to FA immediatly.. So in the middle of the bookyear.

There is money on our bankaccount allready, how can I add that money into FA?

I am not planning on importing all the invoices of osFinancials to FA, so I have to add the money manually. For legal purposes, I'll keep a backup of osFinancials.

Thanks.

  • joe
  • Administrator
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: add money to bankaccount

Hello,
In the FA wiki, , there is a section on Opening Balances. Please read this carefully.

/Joe

  • From: Netherlands, Emmen
  • Registered: 07/15/2010
  • Posts: 32

Re: add money to bankaccount

Hi Joe,

Thanks for your reply, and my apologies for not searching better! It works.. Finally time to start use this wonderfull peace of software..

  • From: Netherlands, Emmen
  • Registered: 07/15/2010
  • Posts: 32

Re: add money to bankaccount

Hi Joe..

still have a question. I followed the Wiki, but I can't seem to get it..

From osFinancials, I've created a balance sheet.. There are some GL accounts and 1 bank account. Debit / Credit sides are equal.

When I want to add this information into FA, i can't seem to enter a journal entry for my bank account. How is this possible? In this way i'll never be able to make a correct bookholding ?

  • joe
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  • Posts: 5,107

Re: add money to bankaccount

You must be logged in as admin to have access to the underlying bank accounts in the Journal Entry.

/Joe

  • From: Netherlands, Emmen
  • Registered: 07/15/2010
  • Posts: 32

Re: add money to bankaccount

hi joe,

thanks for your quick reply. as far as  i know i am logged in as an administrator, i login as admin and select the current company.. do i have to change settings somewhere?

  • joe
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: add money to bankaccount

Sorry docusave, I forgot to tell:

Look into the access setup in Setup tab. Select the System Administrator. Look under Banking & GL Transactions. Check the row:
Journal Entries to Bank Related Accounts.

That should allow it.

/Joe
PS. Also be sure you have created the GL Bank Accounts and also created the Bank Accounts in Bank Accounts and enter the relevant GL Bank Account.

  • From: Netherlands, Emmen
  • Registered: 07/15/2010
  • Posts: 32

Re: add money to bankaccount

Joe,

I did it.. It works now, however... there is one quite big problem. I've made my journal entry, but somehow the ammount of money on the bank is a lot more then I have entered..

I did a journalposting for 'bank' of 1447.57 euro, but at the end there is: Openingsbalans - 21/06/2010 2,106.25

I really don't understand what's happening here.. As far as I know I've entered everything correctly..

Thanks in advance!

  • From: Netherlands, Emmen
  • Registered: 07/15/2010
  • Posts: 32

Re: add money to bankaccount

Joe,

I found the problem.. When I entered the journal for 2009, I've closed the year.. After that FA creates a journal post by itself.. There is an ammount of 6**.** euro that's being put to the bankaccount, but this isnt correct.. what can I do about it??

Thanks,

  • joe
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  • Posts: 5,107

Re: add money to bankaccount

It seems like there is a 'wrong' account set for Retained Earnings. Check this in System and GL Setup under Setup tab.
You can open the fiscal year for 2009 again and set the year on the company.
Then you can make the corrections.
When everything seems ok, you can close the year again.

/Joe

  • From: Netherlands, Emmen
  • Registered: 07/15/2010
  • Posts: 32

Re: add money to bankaccount

Hi Joe,

It is set to 'bank'. It has to be a special GL for retained earnings I guess?

Also, can I delete the entered journal (Otherwise I have to open a new company and setup everyting again.)

  • joe
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: add money to bankaccount

You can just void the transaction in 'Void Transaction', Setup tab.
And make sure the Retained Earnings is set correctly before re-entering your transaction.
Hopefully it will be correct now smile

/Joe

  • From: Netherlands, Emmen
  • Registered: 07/15/2010
  • Posts: 32

Re: add money to bankaccount

Hi Joe,

thanks.. what would you set to Retained Earnings?

  • joe
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: add money to bankaccount

There should be a suitable GL account in the Equity group. Otherwise create one.

/Joe