Some business transactions in the bank feed should not be treated like normal income or expenses. For example:
Non-business
Owner drawings
Account transfers
Tax payments or refunds
Disclaimer: We recommend you talk to your accountant for advice specific to your business on managing these kinds of transactions.
Once a transaction has been categorised using one of these options, it will be removed from the main bank feed but accessible by selecting the relevant filter option at the top of the page.
NOTE: For information on how to connect bank accounts, see the article How do I connect a bank account?
Any bank feed transaction can be marked as non-business, owner drawings, account transfers, or tax payments. Credits (income) and debits (expenses) can be categorised in bulk.
To mark a single debit transaction
1. Go to the bank feeds by clicking Bank feeds on the menu on the left
2. Hover on the transaction to be marked as non-business, owner drawings, account transfers, or tax payments and the options Others and Add to income or Add to expense will be displayed. Select the appropriate option.
3. The transaction will be hidden from the list.
To mark multiple debit transactions
1. In the bank feeds section, select the relevant transactions via the check box on the left-hand side as non-business, owner drawings, account transfers, or tax payments or refunds
2. Select the appropriate option.
3. The selected transactions will be hidden from the main feed.
Use the filter at the top of the page to view a particular transaction type. Click on the filter, then select the transaction type you want to see
Transactions marked as non-business, owner drawings, account transfers, and tax payments can be downloaded to CSV files separately.
1. Select the type of transaction you wish to download via the filter at the top of the page
2. Click the down arrow button
NOTES:
For more information on how to retrieve transactions tagged as non-business/owner drawings/account transfers/tax payments, click HERE.
For more information on adding income via bank feeds, click HERE.
For more information on adding expenses via bank feeds, click HERE.
For more information on adding income on the Income page, click HERE.
For more information on adding expenses on the Expense page, click HERE.
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