Bank Balance showing incorrectly
Hi New to the product and defo NOT an accountant
I have set the start balance as the first day of or financial year and that seemed to go OK just went back into settings and checked and it all looks fine, however the balance showing is over 100K higher??? Now I am guessing this relates to setting up the rent accounts some of which are 10 years old and its showing rental payments dating back 10 years? But surely if I set a starting balance the system should only look at rents due past that date?
How can I get the balance to reflect the actual bank balance? And why if the accounts are linked is it not showing whats actualy in the account?