Explaining Transactions

The Bank Explain screen overview
The Bank Explain screen provides a variety of ways to explain bank transactions. This screen can be accessed via two methods, either by explaining transacti...
Mon, 10 Aug, 2020 at 7:17 PM
How to explain transactions on the Bank Explain menu
Once you have imported or recreated a statement you can begin explaining transactions on the Bank Explain screen.  The Bank Explain screen overview ...
Tue, 11 Aug, 2020 at 9:08 AM
How to explain transactions in bulk on an imported statement (Mass update)
Use the Mass update with care, there is no undo action. You can create a restore point before running a mass update so that if there are any mistakes the ac...
Tue, 11 Aug, 2020 at 9:05 AM
How to explain a payment by allocating to an unpaid bill
An imported statement can be used to allocate receipts and payments to unpaid invoices and bills. This guide demonstrates how to allocate a payment on an im...
Tue, 11 Aug, 2020 at 9:51 AM
How to explain a receipt by reconciling with a paid invoice
Invoices can be paid using the allocate button or the quick pay method. If either of these two methods are used, the payment is not automatically recon...
Tue, 11 Aug, 2020 at 9:51 AM
How to allocate a receipt on an imported statement to an unpaid invoice
An imported statement can be used to allocate receipts and payments to unpaid invoices and bills. This guide demonstrates how to allocate a receipt on ...
Fri, 21 Feb, 2020 at 11:45 AM
How to split up a money out transaction into multiple transactions
Below is an example of how to explain a transaction which is made up of multiple payments. In this example we will be explaining a payment of £100 which is ...
Fri, 14 Feb, 2020 at 3:40 PM
How to explain a payment on an imported statement into multiple transactions
Once you have imported a statement you will need to explain each payment and receipt. This demonstrates how to explain a payment on the imported statement, ...
Fri, 14 Feb, 2020 at 3:41 PM
How to add a payment on account from the Bank Explain screen
This guide covers payments on account of both sales and purchases when explaining imported bank statements.  You can also create manual payments on account ...
Fri, 14 Feb, 2020 at 3:41 PM
How to pay interest on a loan payment
In this example, a loan account has been created as a new loan account with an opening debt of £10,000 (created by transferring money from the loan account ...
Fri, 14 Feb, 2020 at 3:41 PM