The lodge started using Accounting mid-life. Accounts already had money or debt.
Track
Account layer
Phase
Start from the truth
Starts with
Balances from zero
Ends with
Balances from real start
SettleWise cannot know what each account held before its first movement. Someone has to say it once.
Accounting opens Accounting → Balance.
Start with banks, cash, and loans.
This is the key moment of the journey: the account starts from its real value. This is the key moment of the journey.
Use a negative value for an opposite balance.
Remove deletes it if it was set by mistake.
Owns money movement, registers, and reconciliation.
Automates emails, matching, reminders, and sync.
Opening balance and As-of date on each account.
Why: Make current balances match reality.
Opening balances are set once; daily work moves balances after that.