Please phone us prior to initialising the cashbook. We prefer to do this step for you as it can be very difficult to re-initialise the cashbook if a mistake is made in the initialisation process. We ask you to be careful in establishing the opening balance.
- Set up Expense and Income codes.
These codes can be entered at your convenience; they are not dependent on the cash book being initialised.
Once the codes have been entered, send a copy to your accountant and to Incisive. If you do this before using any of the codes it is a very simple matter to edit them and make changes if any have been incorrectly entered. - To initialise the cashbook we need a date for the initialisation and the bank statement balance as at that date. Ideally send through a copy of the bank statement to us.
Manually work out what cheques and deposits have not been presented as at the date of initialisation.
Please note that all un-presented items must be entered as Expenses or Receipts prior to initialising the opening balance.