The Bank Explain screen (shown below) provides a variety of ways to explain bank transactions. This screen can be accessed via two methods, either by explaining transactions from an imported bank statement or via the manage money options for each bank account.
Method 1: Imported Statements
An imported/re-created statement will usually contain multiple transactions to explain in a list. There are multiple ways of creating an imported bank statement:
1.1 Import a CSV
1.2 Re-create a statement
1.3 Import a statement via bank feeds
1.4 Connecting Paypal and using the auto import feature
Once the statement is imported, it will be listed under the Imported transactions that need explaining table at the bottom of the Money > Bank accounts menu. Just click on the Explain link to access the Bank Explain screen.
Method 2: Manage money (money in/out/transfer)
The manage money options allow you to explain one transaction at a time on an adhoc basis.
Manage Money Options To access the Bank Explain screen just head to the Money > Bank Accounts menu and select Money in, out or Transfer under the Manage money column for the appropriate bank.
After selecting Money in, out or Transfer, you will need to verify the amount, date and description before reaching the Bank Explain screen.
You can now learn the variety of ways of how to explain transactions on the Bank Explain screen.
How to explain transactions on the Bank Explain menuTechnical support is available from Monday to Friday, 9 - 5.
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