capitalone.co

The bank account summary shows the up-to-date position of your finances in the business represented by cash in the bank, credit cards, loans and petty cash.



The bank accounts are grouped into two sections:

Bank accounts: these will show normal bank, petty cash, credit card, paypal, savings and any other bank type of account you may have.
Loan & director loan accounts: any loans or director loan accounts you have with the company will be displayed separately underneath.

From this summary screen, you can:

Add or edit bank accounts.
Add a payment or receipt.
Make a transfer between bank accounts.
Import a csv file from online banking.
Match your imported entries to the accounts.
Create recurring entries within the accounts
There are two dropdown menu's on the page. The menu on the top right side of the page provides more general actions that may not be bank account specific.



Add new bank account
Make a transfer
Find a transaction
Add/ view recurring entries
Import bank statements.
There is also a drop down menu against each bank account. This will allow specific work on that particular bank account selected.



Add payment
Add receipt
Make transfer
View entries
Import entries
Search
Reconcile
Edit details
Delete account

Difference between manual and imported
Whether you import bank entries from online banking or manually add transactions into Clever Accounts you will normally need to match or reconcile the transaction in order to complete the process.

Imported transaction



If you have imported bank statements from your online banking facility, you will need to ensure they are fully "explained" and an appropriate nominal code is allocated to them. Until they are explained, they will not show up on any reports or be taken into account on any calculations.

The reference against each bank account will display how many you will need to explain.