Lurch
22 October 2020 10:13
2
Introduction
When tagging your bank ransactions, occasionally you may encounter lump payments that need to be attributed to multiple clients. This is often the case when you bank multiple cheques on one paying-in slip. There are two methods you can use for tagging these transactions.
1. Split the Original Deposit
In this case you would delete the original lump deposit on the account and substitute it for the split payments. You can then tag these split payments separately. The end of day balanc…
Personally I’d always favour the holding account option, keeps the bank account matching your actual bank account, especially useful/important if using the bank feeds.