Streamline Your Banking Processes with Invoicebus for Banking

Invoicebus for Banking

hello this is the bookkeeper master on YouTube welcome back let's go to the banking section so in the previous video I edited the name of this business bank account here and added a new account now if you want to learn to do that please make sure you watch that video if you've joined this series here please go back and start this tutorial from the beginning in this video I'm going to show you how to record receipts so money into a bank account so let's do the business current account at the top right here we have purchase / payment sale / receipt then bank account this is what we use to create any bank account and bank transfer that's for transferring money from one bank account to another on Sage business cloud accounting we're going to record receipt or sale money into the bank so I click on that and we'll be taken to a new screen we select the customer the payment is from sisty 1 2 3 supplies pain into the business bank account you can see each of the bank accounts added on to the software showing method led sales that enter an electronic transfer date receive all this informations be accurate obviously for Sage to them be accurate the amount received you can see there's one invoice outstanding one five four seven if the invoice was just paid in full you can click the box here and you can see amount received changes to ninety six if they made a part payment you put 48 in here say and then go down to the invoice and click on it enter 48 as the amount paid click apply and then 48 will be allocated to that invoice rather than the 496 once you're happy click Save and that will save the payment you see that the business bank count now has 48 pounds as to another one source our receipt customer quite limited any outstanding invoices appear down the bottom here paid into the business bank account ensure the right account is selected let's say this was a card this time and this was on the six amount received it was the invoice and falls let's just tick the invoice 172 pound 80 click Save and that invoice will be marked as paid so if I go to the sales invoices now that sales invoice list you can see that one invoice is paid and one is pop paid because that's what we've just done on Sage Business cloud accounting hopefully as these videos have gone on you can really see how things work together and complement each other now what happens if we receive a receipt into the bank account but it's not from a customer that says for something else so we go to new and click sell receipt we have some other options up here such as other receipts and supplier refund so if we click on other receipt we actually don't have to select a customer it's optional so business current account if we received an electronic amount for bank interest or one pound 25 obviously that's not from a customer let's just go to the sales codes here which are 4,000 we have or we should have maybe there isn't one set up we can put it down as other income sometimes there's like a bank interest received we keep that as 4900 other income in here we can put bank interest you need to sort out the v80 situation there's no v80 bank interest so one-pound 25 received it's a other receipt we've chosen this option we it's not from a customer that we have a credit invoice for on the system if we receive money that's to clear an invoice its customer recedes if we receive money into the bank that's not for like credit invoice it's simply other receipt to click Save and now be saved onto the system now if we if we receive a a refund from a supplier there was an option for that as well so cell seat then we have supplier refund we choose the supplier and the amount refunded against which invoice a fee that makes sense please rewatch this video is quite lot to take in but all we're doing is recording money into bank accounts by going to no thiking sow and receipt and filling in the relevant information so there was somebody outstanding for one two three supplies even says here like this customers 48 pound outstanding paid into the business bank account that sales a check this time for the remaining balance which is 48 click Save that's now on the system now what's happening as we record these payments and also our raisin invoices it's all been allocated to customer accounts so we go to the customer list now and click on one two three supplies you'll see down the bottom here we have everything that's going on with their account so we have the South invoice and the customer receipts the invoice 98-pound and the 48 pound payments to their account and also if i go to sales invoices now both those invoices are marked as paid hopefully this makes sense the last video in this tutorial will finally coming to an NDA you don't have to listen to my voice any more the last video in this course will do the opposite what we were just doing which is recording payments from a bank account so we've just gone through recording receipts into a bank account will now look at in the next video will now look at recording payments out of a bank account