Handling bank imports with End of financial year transactions

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There may be an occasion where a bank transaction is from a prior financial year, but clears the bank and is available for import in the new financial year.

Here is how to handle these transactions:

First, you will want to manually enter the transaction(s) in the correct financial year’s bank account register. Make sure the transaction date is in the prior year, not the date it cleared the bank.

Next, on the import screen in your new financial year, you will want to use the “eyeball” to hide the transaction(s) that you have manually added in the prior year.

Note: If you are reconciled through the last day of your financial year, you’ll be able to carry your banking (bank balance and uncleared transactions) into the new financial year. This gives you the ability to reconcile in the new financial year.

Click here to learn more about carrying forward your ending balance into your new financial year.