How to add Auto-Matching Rules

In myBooks you go for automatic reconciliation based on the set of rules that you have to mention. To set the rules, go to Settings > Business settings > Preferences > Auto matching rules Click on Auto-matching Rules, a window appears as shown below, Click on Add Matching rules, Enter the Transaction name  Transaction Type […]

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Bank Statement

Bank statement is a list of all transactions for a bank account over a set period, usually monthly. The statement includes deposits, charges, withdrawals, as well as the beginning and ending balance for the period.  In myBooks, if you are connected to ICICI bank, it pulls the transactions and displays them under the bank statement. If […]

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Importing Bank Statement

We will be take a look at how to import bank statements into myBooks. Bank statement can be imported into myBooks through CSV excel format and this document will show a step by step from entering data in excel to importing that data into myBooks. By default myBooks will load three types of bank accounts […]

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Banking

Your daily transactions will vary in the method of payment. Payments we receive from customers or payments we make to our vendors will be through banks, or even through cash. It is important that all those transactions are matched from your bank to your Accounting software. Certain subscription packages in myBooks allow you to connect […]

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Reconciling the Transaction

The above is the video to upload bulk items on myBooks. Here is a step-by-step explanation about reconciling the transaction Once the automatic feeds from bank loaded or bank statement are uploaded, transactions which have loaded will be displayed under deposits and withdrawals. Amounts displayed under deposits will reflect sales and the amount displayed under […]

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Customer Advance

Customer advance means payments received from customers before the goods are delivered or services are performed. You can categorize those transactions here Click on the amount displayed under deposits and select the transaction type as Customer advance. Enter all the necessary information and documents can be uploaded by clicking on upload icon. Click on save […]

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Customer Payment

Goods or services rendered by the business and for those services or goods customer will make a payment and those payments can be categorized here. Click on the amount displayed under deposits and select the transaction type as customer payment. Enter all the necessary information and documents can be uploaded by clicking on the upload […]

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Cash Invoice

Split by Customer Click on the amount displayed under deposits and select the transaction type as Cash invoice. Enter all the necessary information and documents can be uploaded by clicking on upload icon. Click on save to save the transaction. Split by Item Click on the amount displayed under deposits and select the transaction type […]

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Transfer from Another Account

This reconciliation process matches, transfers from one account to another account. Click on the amount displayed under deposits and select the transaction type as Transfer from Another Account. Enter all the necessary information and documents can be uploaded by clicking on the upload icon. Click on save to save the transaction. Match transaction for transfer […]

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Interest Income

Interest income is the amount of interest that has been earned during a specific time period Income which was received through interest. You can match those transactions here. Click on the amount displayed under deposits and select the transaction type as interest income. Enter all the necessary information and documents can be uploaded by clicking on the upload icon. Click […]

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