Basics Archives - IRIS KashFlow

Opening Balances : Bank Accounts

James Akinsowon — Tue, 29 Sep 2015 09:57:33 +0000

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 balance is the amount of […]

The post Opening Balances : Bank Accounts appeared first on IRIS KashFlow.

Business Expenses Paid With Personal Money

James Akinsowon — Tue, 17 Feb 2015 14:02:23 +0000

This article will explain how to record Expenses of the business paid with the personal money by your staff, or yourself, that you then wish to reclaim or simply record. The method by which we do this is by creating a Bank Account entitled “Expenses”. Setting Up To begin, you will want to create a new […]

The post Business Expenses Paid With Personal Money appeared first on IRIS KashFlow.

Expenses Paid with Personal Money

George Gillespie — Fri, 23 May 2014 09:48:01 +0000

Sometimes yourself or an employee might spend personal money while on official business and this might be reclaimable as a business expense. In this case we suggest that you create a new bank account in KashFlow named ‘Expenses’. This account should always be a negative figure (representing debt the company owes the individual) or zero (representing […]

The post Expenses Paid with Personal Money appeared first on IRIS KashFlow.

Credit Cards

George Gillespie — Mon, 18 Nov 2013 13:42:11 +0000

This guidance explains how to manage a credit card in KashFlow. A credit card should be treated as a bank account and always have a negative balance. The negative balance represents the debt that the company. Setting Up To set up a credit card in KashFlow start by going to Bank > Add New Account. […]

The post Credit Cards appeared first on IRIS KashFlow.

Bank Loans

George Gillespie — Fri, 15 Nov 2013 16:39:56 +0000

You can record a loan by creating a new bank account in KashFlow, this will always have a negative balance until the loan is paid off and represents the debt you owe. Creating the Loan Account To start, first go to Bank > Add New Account. The three required details you need to complete are; Name […]

The post Bank Loans appeared first on IRIS KashFlow.

Petty Cash

George Gillespie — Fri, 15 Nov 2013 15:59:12 +0000

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. The three most important fields […]

The post Petty Cash appeared first on IRIS KashFlow.

Bank Transfers

George Gillespie — Thu, 04 Jul 2013 16:14:44 +0000

In this article we will explain how to create Bank Transfers in KashFlow. It’s really simple to create a Bank Transfer in KashFlow. You first go to Bank then hit one of the two buttons named Transfer Money. You will then be presented with a pop up where you select the accounts you wish to transfer between. […]

The post Bank Transfers appeared first on IRIS KashFlow.

Add New Bank Account

KashFlow — Thu, 14 Mar 2013 15:49:58 +0000

This article describes how to create a new bank account in KashFlow. Creating the Account To create a new bank account go to Bank > Add New Account and enter in the following; Basic Information Name – Give this account a unique identifying name, i.e. “RBS Business Current Account” Account Code – This is the code […]

The post Add New Bank Account appeared first on IRIS KashFlow.