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Have a look at and play with "My Demo Company"
First select which Accounting Package to use
The Export and Help menues
Import the Bank Statement (.OFX or.OVC) file. "Preview" the file and lets start working....
The imported Bank Statement looks like this...with "Help" buttons for each column at the bottom...
The imported Bank Statement looks like this...with "Help" buttons for each column at the bottom...
The Deposits screen automatically shows the Auto Allocated transactions
By clicking on Bank Descriptions, see how the Withdrawals batch is resorted and easier to use
Start with new items that can be Auto Allocated
Enter the Vat code, the general ledger account and
to save to the Auto Allocate library
Finish off by allocating the remaining transactions
Unallocated transaction can be sent to the suspense accounts by clicking on "Process / Fill blank accounts" with defaults"
Now completed, lets see the whole batch
and we are now ready to Export the batch
Select the correct CashBook account...
Agree the opening cash Book balance..
Go to "Receipts" and then "Batch Import"
Click on the "Receipts batch file" and "Process" and the batch is now imported sucessfully.
"Payments/Withdrawals" cash book import is exactly the same and as easy as "Receipts"...123!
and in closing check that the CashBook reconciles back to the Statement....
and YES, the Cash Book and the Bank Statement Reconcile perfectly! ...AS EASY AS 123...