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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 withdrawal will be reflected purchases. When clicked on the amount displayed under deposits, you will see two options of reconciliation; […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More