Setting Your Opening Balances for Your Cash & Credit Accounts

For each Cash & Credit account that you have added into your FINSYNC Business platform profile, you need to set both the "Actual Bank Balance" and the "Accounting Bank Balance" based on the Accounting Start Date of the Profile. 

Note: The Accounting Start Date will default to January 1st of the year that you created your FINSYNC profile. To change this date, you need to have the Accounting feature as part of your FINSYNC subscription. Once you have subscribed to Accounting, you can adjust the Accounting Start Date of the FINSYNC profile.

Steps to set the Actual Bank Balance and the Accounting Bank Balance for each Cash & Credit account:

1. Obtain bank statement(s) for each account added to FINSYNC.
2. Navigate to Banking on the main menu of the Business Platform (app.finsync.com)
3. Click on the Settings button (near the top-right of the screen).
4. Scroll down to locate the Actual Bank Balance & Accounting Bank Balance fields. 
5. Refer to a bank statement that coincides with the listed Accounting Start Date of the profile and enter in the appropriate numbers into the respective fields. 
6. Save your changes before leaving the page. 
7. Repeat steps 3 & 4 for each of your cash & credit accounts.