One imported bank statement payment pays two suppliers

Accounting
1

Greetings,

I’m paying a solicitor say £1,000. He pays supplier ABC LTD £600 and supplier XYZ LTD £400 on my behalf. Is there any way I can tag a bank statement transaction to two different suppliers?

Maybe this isn’t possible?

Any advice would be appreciated.

Thanks
Nick

2

You need to either delete the original £1000 transaction and enter it manually as separate ones for £600 and £400, or use a holding bank account (so the £1000 out of the current account is a transfer to the holding account, and the £600 and £400 payments come out of there). You can’t tag a single bank transaction to more than one supplier in QuickFile.

3

Thanks for your response.

I’ve taken the manual entry option.

4

Thanks for confirming I can’t tag a single bank transaction to more than one supplier in QuickFile. I’ve recreated the purchase invoice to have same supplier now. Now I can tag the bank transaction.