Splitting 1 payment of money out into various transactions

Question asked by David Faulkner 7 years ago

Hi I saw the information at the this link below but wanted to check it was the best way to progress for me.

https://www.clearbooks.co.uk/support/guides/money-2/bank-import-tool/how-to-explain-a-bank-transaction-made-up-of-multiple-payments/

I am currently doing my monthly Reconcile. I have a transaction of £241 in expenses (made up of £205 for Travel & Subsistence and £36 for Heat & Lighting) which I paid out in a single amount but now that I'm reconciling my AC with Clearbooks I want to code those 2 as separate amounts.

Should I reconcile the lump sum of £250 and complete my Reconcile and then, subsequently, follow the information in the link above or is there a way to split the £250 at the point of inputting the transaction during the Reconcile?

Thanks, David

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3 Replies

Hi David,

It would be possible to split the payment. Once you have clicked Money Out with the amount of £241. On the Bank Explain page, you will be able to explain the first £205 to Subsistence where the system will then prompt you to explain the remainder £36. Please see the example below:

file

Tommy

Best answer
7 years ago

No problem at all - have a great day!

Tommy

7 years ago

Thanks - that's an elegantly simple answer and process. Dave

7 years ago

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