Bank Feeds

[Dlux]

I find bank feeds to be an excellent feature. My only problem with it is that , for example, you receive your bank feed and it has the daily balance, this cannot be balanced against the individual transactions. So once you have reconciled you are left with all the transaction amounts in Bank Feed that you could not find. I know that you then choose to hide them, but I am going to end with a huge amount of transactions in this 'hidden' folder. Same for payrol etc. Any suggestions if I am doing something wrong. If not then if this situation could be addressed, then the tool would be even beter.

[Sally-ann]

If you are needing to " hide " transactions constantly it sounds as though your processes may need to be  addressed.

If there is no matching transaction to the bank feed you should be either entering then matching or adding from the bank feed.

If you process in this manner you should then find that the bank will reconcile cleanly every time you finalise the reconciiliation.

[CloverQ]

Hi @Dlux,

I agree with Sally that you shouldn't need to 'hide' so many transactions. Are you able to give us a scenario that you cannot match the bank transactions, and having to hide them instead?

If it's a situation of having multiple transactions recorded in AccountRight, but the payments come through as a bulk payment via Bank Feeds, what you can do is record the individual payments to Undeposited Funds account first, then Prepare Bank Deposit to deposit the exact total figure. This way you will be able to match the deposit to the bank transaction. 

Please do let us know how you go.