bank feeds
MORNING I am wanting to know how to set up in bank feed 1 invoice example $75,000 for 1 item purchasing 1 horse but when paying it with 3 payments of $25,000 its making it like you have purchased 3
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If your bank feed it going to have 3 individual transactions payments of $25,000 for the purchase of one single item, I would create a purchase bill for $75,000 and as the 3 payments appear in your bank feeds allocate them each time to the one bill.
Hi bkoolman,
Bank feeds just bring in whatever your bank sends, so you can’t change how a line appears. You can record it the right way in your file.
If you see one $75,000 bank line: record three $25,000 payments against the bill using Electronic payment (this parks them in Electronic Clearing), then create one electronic payment for $75,000 to match that single feed line.
If you see three separate $25,000 bank lines, just match each one to the same bill as a partial payment until it’s fully paid; no need to make extra bills.
If you are keen to learn more about the process, you can read through the Making Electronic Payments article.
Handy tip: Ensure your linked account for electronic payments is set to Electronic Clearing to maintain smooth matching and reconciliation.
Regards,
Genreve
