|
Author
|
Topic: Entering Split Transactions in BankLink
|
FN_User
Member
|
posted 11-09-2007 10:21 AM
 
I have a question on split transactions. I followed what the manual said to do for this (we have many of these). However, when it splits it into different amount lines, it looks like you lose the total amount of the check or deposit that will need to be compared for bank recon purposes.
IP: Logged |
FN_User
Member
|
posted 11-09-2007 10:21 AM
You are right; once you split the transaction, it no longer matches the bank statement. Some options are:
1. Enter the transaction in Navigator as a Multiple Distribution before running BankLink. This way the split is contained in a single transaction and Navigator, BankLink, and the bank statement all agree. This is the normal way it is done when you print checks using Navigator or CheckForm.
2. If you can't do it ahead of time, when you find such a transaction in BankLink, go into Navigator and Enter the transaction as a Multiple Distribution.
3. Post the transaction as is and after finishing BankLink go back to Navigator and change the transaction to a Multiple Distribution.
4. Split the transaction in BankLink as you are doing. If BankLink is set to mark transactions reconciled, you don't have to worry that it doesn't match the bank statement.
5. Of course #4 above can be a problem if the statement doesn't reconcile and you have to review each transaction to find the problem. To help with that, enter the total amount of the bank transaction on the memo line of each item in the split, like "Total deposit $1,500." It is easiest to do this in BankLink before you split the transaction. You can also do this in Navigator after you post.
6. I'll submit a feature request to the programmers that BankLink be able to create its own Multiple Distribution.
- David
FNI Technical Support
IP: Logged | |
Navigator User Forums
UBBFriend: Email This Page to Someone! 
