Before you start

Enable foreign currency transactions, and choose whether you’d like to use our daily exchange rates, or enter your own.

Read our article Set up foreign currency transactions.

1. Select Banking from the navigation bar.
2. Select an Account Type from the dropdown menu.
3. Enter an Account Name.
4. Select the Currency from the dropdown menu.
5. If you don’t need an opening balance, select Save & Connect Bank to connect to your online bank account, or select Save to skip connecting.
6. If you moved from another accounting system, or you want to show a balance from a previous financial year, select Add an opening balance.
    NOTE: You must enter an Accounts Start Date before adding an opening balance.
7. Select your Opening Balance Date.
8. Select Balance or Overdrawn Balance, then enter the value of the balance.
9. Select Save & Connect Bank to connect to your online bank account, or select Save to skip connecting.