Bank Tagging for Invoices

Hi There

I am still new to QuickFile however we deal in hundreds of purchases and thousands of sales per month.

We want to be able to automatically create an invoice from a supplier once we bring it in via our bank statement. If we have to create a manual invoice for each supplier this will cost us too much time.

When i just go to Tag Me > Payment to a supplier > I get two options:

  • Create a new invoice for this Payment
  • Pay down multiple invoices or assign to a supplier account.

When i use the second method the payment goes into an unasignment credit.

Am i doing something wrong here or do i have to manually create an invoice each time?

1 Like

It sounds like the first option should do exactly what you require?

Alternatively if the transaction description on the imported bank statement can uniquely identify the supplier then you could create bank tagging rules to automate things. When you create a tagging rule for “payment to a supplier” and tick the “attach to an invoice” checkbox it should create the invoice automatically when you confirm the tag.

Hi @QPS,

@ian_roberts is right, you click to tag the transaction, choose first option and QuickFile helps you to create the invoice on the go.

To automate this process I would recommend setting up a bank tagging rule. But for this to work effectively the description on the imported transaction should start with or contain similar words.

Hi Guys

Thanks for your quick replies I had not had my eyes open clearly!

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