How to set your Bookkeeping Start Date

Here at MonkeyPod, we understand that you are likely migrating your bookkeeping from another system, a collection of spreadsheets, or another form of information system that you are hoping will be improved by switching systems. To make that as painless as possible when bringing over your financial records we recommend choosing a Bookkeeping Start Date.

This is the date that you will begin using MonkeyPod as your official bookkeeping system.

To make your transition as easy as possible - we recommend making it the start of a fiscal year. Once you've determined which date you'll use, you can set your Bookkeeping Start Date in MonkeyPod.

Where do I set my Bookkeeping Start Date?

To set your Bookkeeping Start Date select the My MonkeyPod menu. In the Imports section, select Pre-MonkeyPod Transactions.

From here, you can set your Bookkeeping Start Date right in the Confirm Bookkeeping Start Date window!

Frequently Asked Questions

1. How does this fit into the overall financial data migration?
   1. Check out our article on best practices for bringing over financial data to MonkeyPod.
2. Does this mean I can *only* bring in transactions from after my bookkeeping start date?
   1. No! Your bookkeeping start date gives the starting point when MonkeyPod is holding the full picture of your finances.
3. I am planning on using MonkeyPod and my old system simultaneously for a while, what should I set my bookkeeping start date to?
   1. You should set your bookkeeping start date to the date that you will use MonkeyPod as your official bookkeeping record.
4. What is the difference between transactions that have been entered before my bookkeeping start date and transactions that come afterward?
   1. Transactions that come in before your bookkeeping start date will be put into Virtual Accounts. These are accounts that don't impact your asset accounts.