Cashbook

[Accountant]

Hie guys. will l need to have create 2 cash books if l have 2 Company bank accounts, one for each bank account. Is it compulsory to have cash books for bank accounts or can one do without cash books

[TravisSinclair]

You don't have to create cash books for bank accounts, but it's definitely the better option and much easier to manage that way. If you only create General Ledger accounts for bank accounts, you will only be able to post to it through documents and journals instead of having a dedicated screen for payments and receipts. There's no obvious disadvantage to creating cash books for bank accounts - it only makes transacting easier.

[Accountant]

You don't have to create cash books for bank accounts, but it's definitely the better option and much easier to manage that way. If you only create General Ledger accounts for bank accounts, you will only be able to post to it through documents and journals instead of having a dedicated screen for payments and receipts. There's no obvious disadvantage to creating cash books for bank accounts - it only makes transacting easier.

Thank you so much Trevor, will get hold of you for clarity. Hope you don't mind

[TravisSinclair]

Yes sure, that's fine.