Software tips – Banking Rules

by Rebecca Jones

Do you have a number of direct debits or standing orders which clear every month/year such as insurance or subscriptions?

Or perhaps a regular income source which you receive every month such as rental income?

Cloud accounting software packages (Sage Accounting, QuickBooks and Xero) allow you to set up banking rules when using the bank feed. This means that the software automatically allocates the bank receipt/payment to the nominal code and VAT code you choose, without you having to manually fill out these details each month. This will save you time on posting bank receipts and payments.

Look out for the following buttons when you next log in to your software to see further details of how to set up the rules:

If you require any assistance or have any queries on using the features discussed, please do not hesitate to get in touch with your usual Ensors contact who will be able to direct you to a member of the team who can assist further.


Rebecca Jones

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