David Godfrey wrote: > Hi All, > > What does everyone do to enter information from bank statements? > And once entered how do you reconcile this info with other transactions? > > David
This is what I do: - some of the bank transactions will be payments on outstanding invoices (either incoming or outgoing). I look up these invoices (under AR or AP) and enter the amount paid on the bottom line. - I enter the remaining bank transactions through the General Ledger menu. This is a bit of a hassle, the worst part being that I have to calculate the VAT part of the transaction myself (if there is one). However, most of these transactions are recurring, so I only have to look up an older transaction, adjust dates and such, and book it as new. There may be other ways of doing this, but this is what works for me. Does this make sense? I am neither an accountant nor a native speaker. I would like to have a single, separate procedure for entering bank statements; that would make it easier to avoid mistakes and/or apply corrections. And I would very much like to be able to split a transaction (without an invoice) into a net part and a VAT part. The previous accounting software that I used had both of these facilities (but was hopeless in every other respect). Maybe version 1.3 will have something like this? Jos. -- Ardis Park Music www.ardispark.nl tel. 06 5341 4670 ------------------------------------------------------------------------------ This SF.Net email is sponsored by the Verizon Developer Community Take advantage of Verizon's best-in-class app development support A streamlined, 14 day to market process makes app distribution fast and easy Join now and get one step closer to millions of Verizon customers http://p.sf.net/sfu/verizon-dev2dev _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
