AugTool Documentation
Opening Balances
New Bank accounts in Augtool
Should you open up a new business bank account and want to add this to Augtool there are different ways to add the opening balances. These will be discussed below.
Transfer from an existing bank account in Augtool to the new bank account. (In our example Standard Bank is the existing bank account and FNB is the new bank account):
a) Transfer from existing bank to new bank. In the Report - Daily Check this transaction will show up in the Ledger column of the new account.
b) Add Take on Balance. In the Report - Daily Check this transaction will show up in the Receipts/Payments column of the new account.
c) Remove Opening Balance from first statement import into new bank account. Once all other transactions are allocated on the first statement import, the statement balance that appears in the Statement Column of the Report - Daily Check will be equal to the amounts in the Ledger and Receipts / Payments Column.
