Help! Allocations & Invoices

Question

Hey Everyone! I am getting ready to complete my first BAS so I am tidying up all my unallocated bank feed transactions but I've found a problem.
When we get a invoice paid I hit the "save payment" option on the invoice so the invoice is closed off and marked as paid but I am also allocating that same payment from the bank feeds so it is doubling our equity and going in twice. So going forward what is my easiest option to fix this ? Any help would be appreciated. Thanks 😊

cloverq · Answer

Hi&nbsp;Claire061&nbsp;
&nbsp;
Allocating bank transactions to account is effectively creating a spend money/receive money transaction for that amount, it will certainly create double ups if you are also recording the payment manually.
&nbsp;
The bank transaction can be matched to open invoices/bills to close them off, this also saves data entry. Bank transactions can also be matched to transactions manually recorded in the software. I would highly recommend going through this Help page - Working with bank transactions, which explains what you can do with bank transactions.

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