Click on Bank > Bank Accounts then Bank Transfer.

You will need to complete the following:

• To – select the bank account into which the receipt has been paid
• From – select the bank account making the payment (normally Petty Cash)
• Amount – the amount of the receipt/ payment
• Reference – the paying in reference (if any)
• Accounting Date – the date the receipt was paid in
• Click on Transfer to create the transfer.

Note: it is important that you do not ‘double’ up on banking by including credit customer cheque / cash payments twice – once by processing as a credit customer receipt straight into the bank account, then again by including in the banking of takings as a bank transfer so either:

a) pay in credit customer receipts on a separate banking from other takings and do not transact again as a bank transfer

or

b) when the credit customer pays you, transact it as paid into Petty Cash and then you can include it with the other takings when you transact the bank transfer.

Decide which method suits you best and then stick to it!

Click on Bank > Bank Accounts

Tick the box at the end of the line for the Account you would like to see, and then click Reconcile Account to see the amounts you have paid in and as they should appear on your bank statement.