Record bank transactions
You may need to record incoming or outgoing bank transactions that aren't associated with a purchase or a sale. These can include bank interest, bank charges, loan repayments, etc.
- Go to Bank then select View / Add for the bank account relating to the transaction.
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From the Add Transaction section, select the date the money came in to, or went out of the account.
This date is important for reconciliation purposes.
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Select the required nominal Code, such as Loan interest paid and enter a Comment.
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Enter the amount going Out or coming In.
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Select Disallowed if this amount represents an expense or partial expense that cannot be claimed for tax purposes. Selecting this option will ensure the values feed the SA103 report correctly, where required.
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Select the + icon to record the transaction.