Forum Discussion

marple's avatar
marple
Contributing User
8 months ago

Matching Contra Transactions with Bank Feed

We have a Supplier who is also a Customer so have created a Contra Account to process their Bills/Payments. I'm having a problem with matching the transfers between the Contra account and our normal...
  • Genreve_S's avatar
    8 months ago

    Hi marple,

     

    Thanks for posting your concern in the forum. 

     

    I'm sorry to hear about your difficulties matching your bank feeds. In my understanding, it's better to process both payments for invoices and bills into the Contra account and create a Transfer Money transaction from the Contra account to the Bank Account with the amount of 206.86. But I recommend speaking to an accountant or financial advisor to make sure you record this properly. 

     

    Let us know if you require any other assistance. 

     

    Thanks,
    Genreve