Record money in

Summary

How to record money you receive within Accounting Start.

Description

Once you've set up your bank accounts, you're ready to start recording the money you receive. This could be to:

  • Record the payments of your sales invoices
  • Record money from other sources where you don't have a customer record such as cash sales

You can also process incoming transactions from your bank feed or bank statement. Read more about processing bank transactions from bank feeds or an imported file >

Resolution

There are a few ways to enter a payment in Accounting Start:

  • Select Add on the Money In tile from the Summary page
  • From Banking, open the appropriate account and then choose New, Money In
  • From Cashbook, choose New Entry, Money In

Pay a sales invoice

To pay a sales invoice in Accounting Start, you need to enter the payment directly from the invoice.

  1. Go to Sales.
  2. Select the relevant invoice you want to pay.
  3. Select Record Payment.
  4. Enter the details of the payment, then select Record.

Record money in

Here you're recording money you've received that's not connected to a customer contact or sales invoice.

Choose the category where you want to post the money received. For example, if the payment is for fuel, then you might choose 7300 Vehicle Fuel.

If the receipt was for different items, then you can break it down and categorise it across multiple categories. Just make sure the total of all the lines matches the Amount Received. The receipt still appears as a single record in your bank account.

  1. Choose the bank account to make the payment from and enter the details such as Method, Date and Reference. Including a reference is useful as it helps you to trace the receipt later.
  2. Enter the Amount Received.
  3. Choose the category to categorise the money received and enter the values. Don't forget to choose the correct VAT rate. If there's no VAT, select No VAT from the drop-down.
  4. Make sure the Totals match the Amount Received and select Save.



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Solution Properties

Solution ID
222001000100196
Last Modified Date
Tue Apr 23 11:21:45 UTC 2024
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