Banking

How to quickly add an expense in bank reconciliation

In this article, we’ll be explaining how to add an outgoing expense and payment during bank reconciliation. When you're in the process of reconciling your accounts, you can add complete expenses without having to leave the bank reconciliation screen. Generally speaking, this can be a much quicke...

How to combine & reconcile more than one payment to a single bank ...

You can combine two or more payments against one statement entry in your Crunch account, providing that the payments add up to the total value of the entry in question. Once the payment has been combined, you can reconcile it. Please note: You cannot combine directors withdrawals for different dire...

Watch our bank reconciliation guide here

Are you trying to get to grips with your bank reconciliation? Simply watch our handy video guide! Get the lowdown on importing your statements, matching your transactions, and what to do if anything goes wrong. We've also got a written article if you prefer to read how to upload a bank statement and...

I've made a mistake in my bank reconciliation, can I undo it?

You can undo anything you've reconciled, as long as your year's accounts for the date you need to unreconcile haven't yet been closed by your accountant. To unreconcile your account, please follow this guide

What do I need to start reconciling my accounts?

If you have already had Year End accounts done: Before you can start bank reconciliation, the opening balances from your previous accounting year need to be set. These figures will either come from: Yourself or your previous accountant who prepared your Year End accounts Us, if you h...

What file formats can I upload if I'm using electronic statements...

You can upload files in .CSV format which are available from most of the major UK banks. If you experience problems uploading your CSV file, please refer back to this FAQ as there are solutions here to cover most issues. If after trying the solutions listed here you are still unable to upload your...

Can I combine payments in bank reconciliation?

Payments can be combined to match one statement entry, so long as the total matches the total on the statement entry on your CSV and the payments are of the same type. NOTE: You cannot combine directors withdrawals for different directors. For example, you can combine two director withdrawals fo...

Why can't I reconcile a dividend / salary / invoice? Why are my s...

Bank reconciliation is only concerned with events that will show up on your bank statement. The recording of a salary or dividend is not an event that will show up on your bank statement because no money has left the company bank account. Recording a salary or dividend simply increases the amount i...

In bank reconciliation, why does the app only adjust the GBP amount of...

When you record a client payment in a foreign currency, we will estimate the GBP amount using the exchange rate for that day, as set by the European Central Bank. This may differ from the exchange rate used by your bank, resulting in a difference between the GBP amount on your bank statement and th...

Statement entries can't be imported because they're before t...

The Problem There are two reasons for seeing this message when attempting to upload a bank statement CSV. The first reason could be that you are trying to upload a bank statement dated inside a closed financial year. That is to say that at least one entry on your statement is dated in a perio...

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