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 […]
Category: Banking
Banking Topics for myBooks
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 […]
Bank Integrations – ICICI
Note : This integration is only available for users in India myBooks has integrated API with ICICI Bank – one of the largest banks in India to let you fetch bank statements automatically using ICICI’s connected banking. Once connected, you will be able to fetch your bank balance and transaction statement automatically into myBooks. This […]
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 […]
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 […]
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 […]
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 […]
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 […]
Other Deposit
Other income is income that does not come from the company’s main business. These transactions can be reconciled here. Click on the amount displayed under deposits and select the transaction type as Other deposit. Enter all the necessary information and documents can be uploaded by clicking on the upload icon. Click on save to save […]
Other Income
Other income is income that does not come from the company’s main business. These transactions can be reconciled here Click on the amount displayed under deposits and select the transaction type as Other income. Enter all the necessary information and documents can be uploaded by clicking on upload icon. Click on save to save the […]