To keep your bank account aligned with the accurate balance in the actual bank account, you may need to reflect payments made from the bank account which are unrelated to the standard landlord, supplier and tenant payments which are recorded automatically via Elevate.
For example, you may wish to record the payment of bank fees, or reflect payment of miscellaneous bills or wages paid from an office account.
Go to the bank account from which the money is to be transferred via the Accounting module and selecting Bank-Related > Bank Accounts. Click the relevant bank account to transfer from - the "donor" account. Click Options > Record Payment, and specify the following data.
- Payment value
- Payment date
- Description, e.g. "bank fees"
- Nominal code (type of expenditure)
- Payment medium