Banking
How to manage bank accounts and explain bank transactions in FreeAgent.
Banking essentials
FreeAgent bank accounts
Uploading bank transactions
Explaining bank transactions
- Explain a bank transaction
- Explain multiple bank transactions in bulk
- Choose the appropriate type and category when explaining a bank transaction
- Explain money received into your bank account
- Explain money paid out of your bank account
- Categorise a business cost
Splitting bank transactions
Explaining income
Explaining payments to and from FreeAgent users
- Explain capital introduced into a business
- Explain money taken out of a business by a sole trader or partner
- Explain transactions using the director’s loan account
- Explain a dividend payment
- Explain a salary payment to an employee
- Explain a benefit in kind payment to a director
Dealing with bank loans
Explaining payments to HMRC
Explaining refunds from HMRC
Dealing with rent deposits
Dealing with underpayments and overpayments
Dealing with e-commerce transactions
Editing bank transactions
Bank reconciliation
Guess
Foreign and multi-currency
- How FreeAgent handles bank transactions in foreign currencies
- Explain a foreign currency invoice bank transaction from a bank feed or statement upload
- Create a manual bank transaction for a foreign currency invoice
- Explain funds transferred to or from a foreign currency bank account
- Record cryptocurrency transactions
- Migrate to a foreign currency bank account in FreeAgent