Explaining transfers in Clear Books updates the balance on the account receiving money and the account sending money. 


If you import statements for different bank accounts you will find that transfers between these bank accounts will appear as a receipt on one statement and a payment on another. Explaining both the payment and receipt will result in a duplicate. This guide demonstrate how to deal with this scenario.

Step 1.


Click on the imported statement of one of the bank accounts that has a transfer that needs explaining.


Step 2. 


Click on the transfer amount.

Step 3. 


Click on the Transfer tab and select the account money is being transferred to/from.


Step 4.


Hit the Confirm Transfer button to complete.

Step 5.


Click on the imported statement of the other bank account.


Step 6.


Click on the transfer amount.

Step 7.


Click on the Transfer tab. The system will display a table showing any transfer made on this date - notice the warning message displayed in the yellow bar.


Step 8.


Delete the transfer by clicking on the cross under the Explained column.