Bank Archives - IRIS KashFlow

Bank

Amy Callister — Wed, 18 Nov 2020 15:04:21 +0000

The bank section in KashFlow allows you to keep track of all your transactions across multiple bank accounts including current accounts, loans, and credit cards. To get started, you will first need to set up a bank account. Adding Transactions When you have added your account, you can start to add in your transactions to […]

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Bank Balance Does Not Match Reports

George Gillespie — Wed, 22 Apr 2020 09:43:20 +0000

You may find that when you look at a Balance Sheet or Trial Balance report, the balance shown for your bank account(s) doesn’t match the balance shown for the account elsewhere in KashFlow (such as the Overview page or under the Bank tab). There are two possible causes for this. Amount entered as a Starting Balance This is usually […]

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Bank Feeds – Choosing your source

Jay Tank — Thu, 09 Apr 2020 09:45:03 +0000

Selecting your source When you activate bank feeds on your bank account in KashFlow, you’ll be taken to a setup screen to choose where you want your bank transactions to come from. You can choose between : Manual Upload : Download your bank statement from your bank, in CSV format. Then upload it into KashFlow. Open Banking […]

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Reconciliation Troubleshooting – Starting Balance of bank reconciliation does not match closing balance of previous reconciliation

KashFlow — Fri, 13 Mar 2020 14:50:10 +0000

This article describes what to do if your reconciliation starting balance is incorrect and doesn't match your previous reconciliation.

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Bank Feeds – CSV format

Jay Tank — Thu, 19 May 2016 05:45:00 +0000

Bank Feeds – CSV format Most banks allow you to download your transactions or statement in CSV format. You can use that file as a source of transactions for your bank feed. Contents Download the CSV from your Bank Tutorial Video The CSV Template Editing the file with MAC OS Uploading the file to KashFlow Troubleshooting […]

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Bank Feeds Enhancements – Phase One

Ivan Stoyanov — Thu, 03 Dec 2015 11:13:48 +0000

We have taken onboard the feedback given on KashFlow Canvass since we launched the Bank Feeds service last year in order to improve the functionality and user experience. This article details the first phase of enhancements that has just been deployed into KashFlow. 1 >> Disable auto-matching and custom rules: To disable rules, you need to navigate to Bank > […]

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Opening Balances : Bank Accounts

James Akinsowon — Tue, 29 Sep 2015 09:57:33 +0000

When you’re managing your accounts, it’s important to get everything right from the very start. Typically, this all begins from your opening balance. It’s important, therefore, to consider the definition of an opening balance and where and how this is to be used. What is the ‘opening balance’? The opening balance is the amount of […]

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Business Expenses Paid With Personal Money

James Akinsowon — Tue, 17 Feb 2015 14:02:23 +0000

This article will explain how to record Expenses of the business paid with the personal money by your staff, or yourself, that you then wish to reclaim or simply record. The method by which we do this is by creating a Bank Account entitled “Expenses”. Setting Up To begin, you will want to create a new […]

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Unified Bank Reconciliation

KashFlow — Thu, 11 Sep 2014 07:21:18 +0000

Unified bank reconciliation is a replacement for the previous ‘split screen’ method. The split screen method previously split bank transactions into debits and credits (money in and money out) and made comparing to your bank statement a more difficult and complicated task. Unified bank reconciliation solves this by displaying all your transactions on a single […]

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Bank Feeds – Step 1 – Setting Up

KashFlow — Thu, 11 Sep 2014 06:43:26 +0000

This article describes how to connect an online banking account to a KashFlow bank account. Open Banking; Important Information New EU requirements for the banking industry are coming into effect on 14th September 2019. This will affect all of KashFlow’s UK Banks connected via Yodlee. As a result, starting from the 12th September, some bank […]

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Bank Feeds – Step 2 – Importing Transactions

KashFlow — Thu, 11 Sep 2014 06:14:12 +0000

Auto–Matching The bank page includes a graphical representation of your historical bank balance over the last 6 months and your up-to-date bank balance. To start off hit View/Add. By clicking on View/Add transactions you will see that the layout has changed. You have the facility to import transactions using the quick filters, (this month, last […]

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Bank Feeds – Step 3 – Creating & Assigning

KashFlow — Thu, 24 Jul 2014 08:12:08 +0000

Once you’ve imported your transactions from your bank, you’re ready to begin using the transactional data to create new invoices, purchases & bank transactions and allocating them to existing ones – this is called ‘Matching’ in KashFlow. Matching allows you to do two things – Create – using the create functionality will create a new […]

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Expenses Paid with Personal Money

George Gillespie — Fri, 23 May 2014 09:48:01 +0000

Sometimes yourself or an employee might spend personal money while on official business and this might be reclaimable as a business expense. In this case we suggest that you create a new bank account in KashFlow named ‘Expenses’. This account should always be a negative figure (representing debt the company owes the individual) or zero (representing […]

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Reconciliation Settings

George Gillespie — Fri, 06 Dec 2013 11:21:59 +0000

This guidance advises on a very important reconciliation setting in KashFlow. Reconciliation Date You can set a Reconciliation Date by going to Bank > click the Pencil icon next to the account that you would like to specify a reconciliation date for. If you have previously reconciled your statement up until a certain date (usually this is the case if you have […]

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Credit Cards

George Gillespie — Mon, 18 Nov 2013 13:42:11 +0000

This guidance explains how to manage a credit card in KashFlow. A credit card should be treated as a bank account and always have a negative balance. The negative balance represents the debt that the company. Setting Up To set up a credit card in KashFlow start by going to Bank > Add New Account. […]

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Bank Loans

George Gillespie — Fri, 15 Nov 2013 16:39:56 +0000

You can record a loan by creating a new bank account in KashFlow, this will always have a negative balance until the loan is paid off and represents the debt you owe. Creating the Loan Account To start, first go to Bank > Add New Account. The three required details you need to complete are; Name […]

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Petty Cash

George Gillespie — Fri, 15 Nov 2013 15:59:12 +0000

If you have a Petty Cash float then we advise managing it using a new bank account in KashFlow. Just follow the guidance below to get started. Setting Up First, create a new bank account to represent your petty cash account. Do that by going to Bank > Add New Account. The three most important fields […]

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Bank Transfers

George Gillespie — Thu, 04 Jul 2013 16:14:44 +0000

In this article we will explain how to create Bank Transfers in KashFlow. It’s really simple to create a Bank Transfer in KashFlow. You first go to Bank then hit one of the two buttons named Transfer Money. You will then be presented with a pop up where you select the accounts you wish to transfer between. […]

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Reconciliation Troubleshooting – Missing Transactions

KashFlow — Tue, 02 Apr 2013 21:25:37 +0000

This guidance advises on the causes and steps to take when your bank reconciliation is missing transactions. If when reconciling you find that there is transactions missing there are two principle causes; the transactions have been modified whilst the reconciliation was in progress, or the transactions have been reconciled in another bank reconciliation style. Identify […]

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Add New Bank Account

KashFlow — Thu, 14 Mar 2013 15:49:58 +0000

This article describes how to create a new bank account in KashFlow. Creating the Account To create a new bank account go to Bank > Add New Account and enter in the following; Basic Information Name – Give this account a unique identifying name, i.e. “RBS Business Current Account” Account Code – This is the code […]

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Changing Bank Reconciliation Style

KashFlow — Thu, 14 Mar 2013 15:39:37 +0000

If you are currently using our old style bank reconciliation then you might fancy an update to our new style which makes reconciling clearer and more efficient. If you do then there are a few steps you need to follow to make sure the transfer all goes smoothly. A screenshot of our new unified bank […]

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Corporation Tax

KashFlow — Tue, 05 Feb 2013 12:50:04 +0000

This article advises on how to record corporation tax

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Contra & Payments In Kind

KashFlow — Thu, 31 Jan 2013 10:44:02 +0000

This guidance explains how to deal with contra/payments in kind

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Repeat Bank Transactions

KashFlow — Wed, 30 Jan 2013 19:17:20 +0000

This article explains how to set up repeat bank transactions in KashFlow

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Amazon

KashFlow — Wed, 30 Jan 2013 19:00:17 +0000

If you sell via Amazon then you’ll find they usually retain all of the money for your sales and then send you a payment to settle what you are owed for those sales, less Amazons fees and commission. This guidance advises on how we suggest you deal with this scenario in your account. Setting Up The […]

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Merchant Accounts

KashFlow — Wed, 30 Jan 2013 18:58:51 +0000

This article explains how to deal with merchant account sales from your payment processor

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HSBC Factoring

KashFlow — Wed, 30 Jan 2013 18:31:21 +0000

This article advises on how to use the Factoring function in KashFlow

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Cheques

KashFlow — Wed, 30 Jan 2013 18:25:21 +0000

This article gives guidance on how to handle cheques in KashFlow

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Rent Deposits

KashFlow — Wed, 30 Jan 2013 17:25:57 +0000

This guidance explains how to record rent deposits in KashFlow

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Dividends

KashFlow — Wed, 30 Jan 2013 17:18:45 +0000

This article gives information on how to record dividends in KashFlow

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Multi-Currency Bank Accounts

KashFlow — Wed, 30 Jan 2013 17:15:36 +0000

This article provides information on the current status of multi-currency bank accounts in KashFlow

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What Is A Director’s Loan?

KashFlow — Wed, 30 Jan 2013 17:06:56 +0000

This guidance gives details on how to deal with a directors loan and drawings account

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Cash & Retail

KashFlow — Wed, 30 Jan 2013 17:05:23 +0000

This article describes how to deal with retail, cash and daily sales

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Reconciliation Troubleshooting – Transactions have been Edited, Added or Deleted

KashFlow — Tue, 01 Jan 2013 09:27:49 +0000

This article describes what to do if you get an error advising transactions have been edited, modified or deleted and how to correct it.

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Reconciliation Troubleshooting – Start or Reconcile Date Changed

KashFlow — Tue, 01 Jan 2013 08:43:24 +0000

This article explains what to do if you are getting an error about the start date or reconcile date changing when doing a bank reconciliation

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Transactions – Assigning to Invoices/Purchases

KashFlow — Sat, 29 Dec 2012 18:14:13 +0000

This article describes how to assign bank payments to invoices and purchases

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Transaction Locking

KashFlow — Sat, 29 Dec 2012 18:06:27 +0000

This article describes how to enable transaction locking to prevent payments and transactions from being modified.

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Transactions – Deleting a Bank Transaction

KashFlow — Sat, 29 Dec 2012 17:59:41 +0000

This article describes how to delete a bank transaction.

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Transactions – Modifying a Transaction

KashFlow — Sat, 29 Dec 2012 17:53:59 +0000

This article describes how to change a bank transaction.

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Transactions – Adding a Transaction

KashFlow — Sat, 29 Dec 2012 17:46:54 +0000

This article explains how to add a transaction to the bank account that isn't associated to a invoice or receipt

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Reconciliation Troubleshooting – Start Date Incorrect

KashFlow — Sat, 29 Dec 2012 15:36:19 +0000

If your next reconciliation start date doesn't match the date of your last reconciliation, use the steps listed here to correct this.

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Editing a Bank Reconciliation

KashFlow — Sat, 29 Dec 2012 15:03:52 +0000

This article explains how to change a reconciliation.

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Displaying Previous Bank Reconciliations

KashFlow — Sat, 29 Dec 2012 14:52:52 +0000

This articles describes how to view previous reconciliation's

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Performing Bank Reconciliation

KashFlow — Sat, 29 Dec 2012 14:42:34 +0000

This article describes to perform a bank reconciliation.

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