Record bank transactions
You may need to record incoming or outgoing bank transactions that aren't associated with a purchase or a sale. These can include bank interest, bank charges, loan repayments, etc.
- Go to Banking > Banks then select View or Add for the bank account relating to the transaction.
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Select Add new transaction. The Add a transaction form displays.
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Select the transaction type, Money in or Money out, and the date.
This date is important for reconciliation purposes.
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Enter the Amount and the required nominal Code, such as Loan interest paid and enter a Comment.
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Select the VAT rate, VAT amount or both, if applicable.
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If you are using projects you can select to assign this transaction to a project here.
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Select Disallowed if this amount represents an expense or partial expense that cannot be claimed for tax purposes. Selecting this option will ensure the values feed the SA103 report correctly, where required.
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Select Add transaction to record the transaction. Or, select Save and add another to go directly into creating another transaction.