Bank Transactions

Navigate to the Banking tab and then click on the Banking Transactions tab.

Enter incoming and outgoing payments by way of Spend Money, Receive Money or Bank Statement Import.

Manage bank transactions by viewing/editing if required.

Reconcile any bank account, card account or even petty cash using the Reconcile tool.

A list of all transactions relating to the selected bank account is displayed. Use the drop down list to select a different bank account if required.

• Transaction ID: Automatically generated sequential number based on the Transaction Numbering settings for the organisation. It uniquely identifies the bank transaction.
• Date: The date specified when entering the bank transaction.
• Reference: The text specified in this optional field when entering the bank transaction.
• Customer/Supplier: The relevant payee or payer (note this field is optional when entering General Receipts and General Payments).
• Received: The transaction amount received into the bank account.
• Spent: The transaction amount paid out of the bank account.
• Balance: The cumulative total of the bank transactions (this will not necessarily match your bank statement balance). A red amount indicates that the balance is negative.
• Reconciled: If ticked, then this indicates that the item has either been manually reconciled during a bank reconciliation, or automtically reconciled during a bank statement import.
• Delete transaction: The option to delete a bank transaction will not be available if it has been reconciled or included in a VAT Report.

Although inadvisable, it is possible to unreconcile bank items and delete VAT Reports in order to delete bank transactions. Careful consideration should be given to any representations already made to external parties such as the HMRC.