In instances where you need to record a cash payment or reconcile a one-off transaction that occurred outside of your business bank account, you can manually import the transaction into your Business Finance Assistant account. Follow these steps to ensure accurate recording of such transactions:
1. Accessing Manual Import Options:
- Navigate to the Bank Transactions page in your Business Finance Assistant account.
- Locate and click on the 'Actions' button to access additional transaction management options.
2. Selecting "Add Transaction Manually":
- From the Actions menu, choose the option labelled 'Add transaction manually'.
- This selection initiates the process of manually importing the cash payment or one-off transaction.
3. Creating a Cash Bank Account (If Necessary):
- If you do not already have a 'cash' bank account set up, click on the provided link labelled 'Connect to bank accounts' to create a new bank account.
- Ensure that the new 'bank' account accurately reflects transactions outside of your business bank accounts.
4. Entering Transaction Details:
- Enter all relevant transaction details into the provided fields.
- Include information such as transaction date, amount (with a - sign for outgoing transactions), customer/supplier details, and any additional notes if applicable.
5. Adding the Transaction:
- After entering the transaction details, click on the 'Add transaction' button to finalise the manual import process.
- This action adds the transaction to your bank account within Business Finance Assistant for further categorisation or matching with invoices/expenses.
By following these steps, you can effectively manually import a cash payment or one-off transaction into your Business Finance Assistant account. This ensures accurate recording and tracking of financial activities, providing you with a comprehensive overview of your business finances.
To import multiple transactions, please refer to Importing transactions from bank statements or QIF,