Reconciling

Idea suggested by Richard Newstead 10 years ago

I have a supplier that I use a lot each month. At the end of each month, I end up with lots of payments to this supplier that have to be reconciled against their invoices that I have put on the system. Clearbooks gives me a whole list and I have to look carefully to allocated the correct payment against the right invoice. It would be helpful if it would highlight the exact matches rather than giving me the whole lot...

5 Replies

Richard - just one thought, unless it risks messing up your VAT (if you are on an invoice basis), would it not be easier not to register the individual bills to then have to match them against the payments, but instead to just record the payments out of the bank as purchase transactions, using bank rules to do most of the entry for you?

Hi Paul Yes possibly. The advantage of doing it in advance is that I can see the amount owed on the dashboard which helps me budget a bit. also as the ability to attach invoices does not appear when reconciling it ends up as a two stage exercise to go back into the paid bills and attach the documents. I do agree that in the main it's easiest to manage things from the imported bank transactions though.

Regards Richard

Yes, see what you mean, no easy answer unless the software can have a guess at which ones each payment is paying off.

Out of interest, if you have loads of bills have you thought of using Receipt Bank to get them into CB? One of my clients runs a pub and can get 10-20 bills a day and it's made his life so much easier.

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