Bank Account Setup
Setting up bank and cash ledgers before recording banking transactions.
Creating a Bank Ledger
Go to Masters → Chart of Accounts → New Ledger. Set the Group to Bank Accounts. Fill in Bank Name, Account Number, IFSC and Opening Balance (closing balance as per your last statement, if migrating mid-year).
Cash Ledger
A default Cash ledger is created automatically under the Cash-in-Hand group. If you operate petty cash separately, create a second cash ledger (e.g., Petty Cash).