Select an appropriate Category for a transaction.
Click the down arrow at the right of the Category field to display the Categories list and choose the appropriate category.
If a transaction displays for which you have insufficient information to post correctly, allocating the item to a Suspense Account will enable accurate bank reconciliation. You can return later, when adequate data is available, to remove the item from Suspense and post it, or it can remain in Suspense for a practitioner to correctly allocate during end of period or tax return processing.e.
When you select a Category, Mclowd™displays the appropriate Data Input Screen for the selected transaction type.
Some relevant information will have been pre-entered by Mclowd™from the imported bank data.
Check and complete the data entry and save the transaction.
The screen above, for example, shows a dividend receipt. You need to select the asset that generated this dividend (In this case, IEM).
Once the Asset is selected, the remaining section of the form will display for completion with most of the data pre-filled. Fill any remaining fields and save.
