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Knowledgebase · 16 articles

Banking

Cheques, credit card charges, deposits, registers, transfers, reconciliation, loans and bank feeds.

Money out3

Write ChequesPay for something straight from a bank account by cheque, with no bill first, and code it to expense accounts or items.Print ChequesNumber and print the cheques you saved with Print Later, one bank account at a time, on pre-printed cheque stock.Enter Credit Card ChargesRecord purchases made on a company credit card, and refunds back to it, so the card account shows what you owe the card company.

Money in2

Make DepositsMove customer payments waiting in Undeposited Funds into the bank as one deposit, add other money on the same slip, and take cash back.Undeposited Funds and the Deposit To accountWhere the money from a customer payment goes when you record it, how Undeposited Funds holds payments until you bank them, and how to set it up.

Accounts and registers4

Use RegisterSee one account's transactions in date order with the balance after each one, open the document behind any line, and reclassify entries in bulk.Cheque, Deposit and Credit Card registersThe three lists under Reports ▸ Banking that show every cheque written, every deposit made and every credit card charge entered, and open each one.Transfer FundsMove money between two of the company's own accounts — bank to bank, bank to cash, or bank to a credit card or line of credit.Loan ManagerKeep each business loan's terms beside its liability account, see the payment schedule, and record each payment split into principal and interest.

Reconciling3

Reconcile a bank or credit card accountTick the transactions in your books against the bank or card statement until the difference is zero, then sign the statement off.Previous Reconciliation and undoing a reconciliationOpen the Summary or Detail report of any past reconciliation, print it, see what changed since, and undo a reconciliation that was signed off by mistake.Reconciliation DiscrepancyFind the transactions that were changed after they were reconciled — the usual reason a Beginning Balance no longer matches the bank statement.

Bank feeds and payments4

Bank FeedsSet up bank and credit card accounts, bring in the bank's transactions from a live feed or a statement file, and match or categorize each one against your books.Payment RunsPay a batch of vendor bills in one action, with one numbered cheque per vendor, and print or reprint the run's cheques.The Cheques listEvery cheque received from customers and paid to vendors in one list, with post-dated cheques marked so you know what is not money in the bank yet.All PaymentsThe register of every payment received and sent, with totals, search and filters, where you open, correct, void or delete a payment.