Reconcile Two Bank Transactions Against One Invoice In Bullets Free Online Accounting Software?

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Q: Reconcile Two Bank Transactions Against One Invoice In Bullets Free Online Accounting Software?

Hi one of our clients paid us in installments. Is there anyway to reconcile the two bank deposits against the one invoice or will I need to delete the original invoice and create two new ones?

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Peter Connor ⋅ Staff May 26, 2014
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Hi Tara,
That’s no problem. If you go into Money In > Someone Payed Me > When you enter the clients name you’ll see all the outstanding invoices, you can just select the invoices you want to put the payment against. 
Hope that helps. 
Pete

#answer-527
  1. tara@missionpossible.ie May 26, 2014
    The invoice has been marked as paid but the problem is that there are two transactions on the bank statement. When I try to reconcile the account I'm just wondering how to reconcile the two seperate transaction against the one invoice I have recorded as paid?
  2. Peter Connor May 26, 2014
    Hi Tara,

    When you're reconciling the account did you now select the two payments. Did you get an error message?

    Pete
  3. tara@missionpossible.ie May 26, 2014
    No when I go to reconcile one of the payments shows up at the top of the screen and I'm supposed to click on a paid invoice that matches that amount. However it's not corresponding and I don't know how to lump the two seperate transactions together...this is what I get on the screen.


    How Bank Reconciliation Works
    Let's match your bank account with what's in your accounts. If you can't find a match, click 'Not Here? Create Something'

    Match this: What's in your bank statement
    Bank Money In: 25 April, 2014 €35.00
    Description: Balance Due
    Not Here? Create Something
    With this: What you've entered into Bullet
    - DATE T NAME AMOUNT
    1 Aug 2014 Invoice

    I've deleted the invoice details..but do you understand what I'm asking?
  4. Peter Connor May 26, 2014
    Hi Tara,

    Sorry I'm with you now. Our bank rec isn't 100% there, we it's an important thing for audit so as a result we made it very strict, actually too strict. What you can do is delete the original invoices and just create them based on the individual payments in the bank rec.

    If the invoice isn't there, we'll prompt you to create it as you've pointed out. Following that process will reconcile your accounts product. We'll work on making that process easier by relaxing the rules in Bullet.

    I've made you a short video there to show you http://screencast.com/t/wLL9yqLpSkG

    Sorry for the confusion, Pete
  5. tara@missionpossible.ie May 26, 2014
    Great thanks

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