[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
Re: Bank Statements.
- Subject: Re: Bank Statements.
- From: Jos Geluk <..hidden..>
- Date: Fri, 8 Jan 2010 10:27:41 +0100
David Godfrey wrote:
> Hi All,
> What does everyone do to enter information from bank statements?
> And once entered how do you reconcile this info with other transactions?
This is what I do:
- some of the bank transactions will be payments on outstanding invoices
(either incoming or outgoing). I look up these invoices (under AR or AP) and
enter the amount paid on the bottom line.
- I enter the remaining bank transactions through the General Ledger menu.
This is a bit of a hassle, the worst part being that I have to calculate the
VAT part of the transaction myself (if there is one). However, most of these
transactions are recurring, so I only have to look up an older transaction,
adjust dates and such, and book it as new. There may be other ways of doing
this, but this is what works for me.
Does this make sense? I am neither an accountant nor a native speaker.
I would like to have a single, separate procedure for entering bank
statements; that would make it easier to avoid mistakes and/or apply
corrections. And I would very much like to be able to split a transaction
(without an invoice) into a net part and a VAT part. The previous accounting
software that I used had both of these facilities (but was hopeless in every
other respect). Maybe version 1.3 will have something like this?
Ardis Park Music
tel. 06 5341 4670