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Banking

1Add a bank account

Go to “Banking” to add bank account details

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View list of all the existing banks or add new by clicking “Add Account”, selecting account type like Credit Card, Bank Account, Director Loan Account, Petty Cash and so on. Tap “Save”.

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On this screen there are few options like edit or delete account, account balance in Easy and actual balance from the imported statements, option to reconcile statement with transactions, Import bank statement, and recording money in, money out and transfer entries. To view detailed statement click on the amount and you will be directed to account statement view page. Add a payment method

2Add a payment method

To add, click “Add Payment Method”. You can also edit/ delete/ deactivate

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This will open a page listing all existing payment methods as below.

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3Record Money In

If you received an amount into one of your account then you have to record a money in transaction.

Go to Banking > Account Sub Menu > Select money in> Enter the amount > Select Payment Method > Enter date and description.

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This will open the screen as shown below.

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Enter the amount you have received, select the payment method, enter description and payment date. This will popup the details in boxes below.

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Select the customer or supplier from the drop down from whom you have received this payment. You will then see list of unpaid invoices and credit notes. You can assign full amount to any particular transaction or can split amount between multiple transactions. Enter the amount and click Allocate button to allocate the amount to the selected transaction.

On top you will see how much is total, how much amount is allocate and how much is still to be allocated. Once the full amount is allocated you can click Submit to record money out transaction.

In addition to selecting existing invoices and credit note you can also create journal entries for full or part amount. This is useful when an invoice amount is received but there is a difference due to currency exchange or partial refund or some other reason. In such cases you can use Adjustments option.

If for any particular customer or supplier you can’t see invoice or credit not created then you can use Create Invoice or Create Credit Note option to create one on the go. For this you don’t need to go back to invoice or bill section.

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4Record Money Out

If you have paid an amount from one of your account then you have to record a money out transaction.

Go to Banking > Account Sub Menu > Select money out > Enter the amount paid > Select Payment Method > Enter date and description.

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This will open the screen as shown below.

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Enter the amount you have paid, select the payment method, enter description and payment date. This will popup the details in boxes below.

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Select the customer or supplier from the drop down to whom you have made this payment. You will then see list of unpaid bills and credit notes. You can assign full amount to any particular transaction or can split amount between multiple transactions. Enter the amount and click Allocate button to allocate the amount to the selected transaction. On top you will see how much is total, how much amount is allocate and how much is still to be allocated. Once the full amount is allocated you can click Submit to record money out transaction.

In addition to selecting existing bills and credit note you can also create journal entries for full or part amount.

If for any particular customer or supplier you can’t see bill or credit not created then you can use Create Bill or Create Credit Note option to create one on the go. For this you don’t need to go back to invoice or bill section.

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5Transfer Between Accounts

When you transfer amount between two of your accounts you can use Transfer function to record this transaction.

Go to Banking > Account Sub Menu > Transfer > Select the transferring amount > Enter amount transferred and transaction date > Transfer.

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This will open the popup as below. Select the account you are transferring amount to, amount transferred and transaction date and click Transfer.

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This will make transaction entries in selected accounts. If you go to any account and check the statement you will see the related entries in the statement. To view the details click the amount and it will show you transaction details.

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