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How to get bank deposits and invoice payments to only show once?
I set up my account to download my bank statements, but now I have all my payments noted in my account twice - once when my assistant puts them into the invoice as paid, and then the deposit made to the bank that downloads with the bank information. How can I fix this? Do I just have to delete any deposits? I am hoping to somehow reconcile the deposits with the manually inputted payments, to make sure they add up . . .
I’m confused
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Hi, I am very sorry about the confusion we caused. When deposits come in, go into Money In > Deposit. Then denote "Regular Income" and select the invoice that deposit is associated to. That will mark your invoices as paid and associated the payment to the invoice.
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Inappropriate?Hi, I am very sorry about the confusion we caused. When deposits come in, go into Money In > Deposit. Then denote "Regular Income" and select the invoice that deposit is associated to. That will mark your invoices as paid and associated the payment to the invoice.
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The company says
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What if the deposit includes multiple payments from multiple invoices? -
Here's a related thread.
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Inappropriate?I think I get what you're saying Christine. You're inputting the invoice as paid when you receive the payment. Then when the payment is deposited and clears, it is downloaded, thus having it in the system twice. I don't think there is a way to reconcile, sort of like Quicken does. I haven't quite figured out how I'd like to handle this either, right now I'm just waiting until they are imported.
I’m unconcerned at the moment.
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Inappropriate?Is there a way to assign a category to a deposit - or to customise the names of income types in some way?
I’m indifferent
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Hi, you can add tags, title and notes to a deposit.
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Inappropriate?But there is no way to do what I asked? I'm not sure I understand your comment. If you could explain what you mean, and how customers can use it, it would probalbly be more helpful to us. Thank you.
I’m indifferent
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What are you trying to accomplish with categories on deposits?
There's no official way to use these fields, users have utilized them for many different scenarios.
Tags are one way to categorize deposits.
Example: If you're a web designer and check is for web hosting, put a tag in for "web hosting" at the end of the year you can see how much you made for "web hosting".
Here's a video about tagging on expenses
http://www.viddler.com/explore/lessev...
Title can be used for anything, like who made the deposit. -
Inappropriate?If you look at the Account transaction report it tries to group duplicated transactions together and you can check the boxes (hold shift for fanciness) and delete a lot of transactions at once.
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Inappropriate?so what i've been doing is just deleting the entries that are downloaded from the bank and keeping the ones that are manually inputted. But now it says my new worth is a huge negative number . . . is there anything I can do about that - I know it's not true, but it freaks me out a little every time I log in . . .
I’m anxious
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Christine, can you invite me to your account, allan@lesseverything.com?
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