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Improved bank reconciliation

As accountants performing reconciliations for clients we regularly have to unlock and relock the bank to perform routine tasks.

I have used Sage and VT Transaction + previously and one once a bank reconciliation is done you never have to revisit it. But not in Kashflow.

The latest problem is that invoices can not be matched to credits without unlocking the bank.

Also, Other accounts systems work by not locking the entire bank but just locking reconciled transactions. That in my opinion would be a better solution. The current method makes it impossible to delete an un-reconciled transaction without unlocking the bank again. Deleting un-reconciled transactions is a routine task for any accountant. Client’s will often put on erroneous transactions that do not come to light until we periodically reconcile the bank.
  • Anonymous
  • Jan 10 2017
  • Acknowledged
  • Jan 10, 2017

    Admin Response

    Hi Tony, In our latest update we have deployed a fix to this problem, you should find that you can now add payment to an invoice held within a locked transaction period. As far as deleting transactions within a locked period is concerned, we purposefully added this functionality to remove the possibility of records being removed by mistake or in order to alter records. As you mentioned that this is a routine task for accountants, we can certainly look at making a change to this should the suggestion receive a number of votes
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  • Richard Lay commented
    January 10, 2017 09:18

    I agree. It is a big problem when reallocating invoices.

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