Explaining Transactions

How to allocate a payment on an imported statement 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...
Mon, 30 Jul, 2018 at 12:40 PM
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 ...
Sun, 16 Sep, 2018 at 10:34 AM
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, ...
Thu, 21 Jun, 2018 at 3:40 PM
Reconcile a Paid Invoice with a receipt on an Imported Statement
An imported statement can be used to reconcile manually paid invoices with receipts on an imported statement. Invoices can be manually paid using the alloca...
Mon, 30 Jul, 2018 at 12:42 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 ...
Mon, 30 Jul, 2018 at 12:22 PM
How to explain transfers on an imported bank statement
Once you have been imported your bank statement you will need to begin explaining each payment and receipt. This guide demonstrates how to explain eithe...
Sun, 16 Sep, 2018 at 10:55 AM
How to record transfers between bank accounts
If you import a statement you can explain transfers on the imported statement as an alternative.  Step 1. Navigate to Money > Bank accounts. S...
Mon, 30 Jul, 2018 at 12:24 PM
How to add a payment on account from an imported statement
This guide covers payments on account of both sales and purchases when explaining imported bank statements.  You can also create manual payments on account ...
Wed, 1 Aug, 2018 at 10:50 AM
How to delete an explained transaction on an imported statement
There are different processes to delete transactions on an imported statement depending on the type of transaction, however, in all cases when the transacti...
Mon, 10 Sep, 2018 at 2:00 PM
How to refund a customer
This guide shows how to manually record a customer refund, however, for those explaining the refund from an imported bank statement, just follow steps 4 &am...
Sun, 16 Sep, 2018 at 10:42 AM