Bank Transaction

This form shows bank transactions in ERPNext.

1. Prerequisites

Before using Bank Transaction Entry, it is advised that you create the following first:

1. Bank
2. Bank Account

2. How to use Bank Transaction

A Bank Transaction Entry is not intended to be created manually. It is automatically created using:

1. Bank Reconciliation Or
2. Plaid Integration to sync with Banks

2.1 Additional fields in Bank Transaction

• Date
• Status:
  • Pending
  • Settled
  • Unreconciled
  • Reconciled
• Bank Account : The Bank Account from which the transactions were made.

3. Features/Fields

These fields are updated via Bank Reconciliation and are not intended to be modified from here.

3.1 Currency and debit/credit

• Debit : The amount debited.
• Credit : The amount credited.
• Currency : The Currency in which the transaction was done.
• Description: A description for the statement.

3.2 Reference

Reference Number : A cheque or other reference number.

3.3 Payment Entries

• Payment Document : The document against which the transaction was made whether a Sales Invoice, Expense Claim, Purchase Invoice, Payment Entry, or Journal Entry.
• Payment Entry : The specific transaction.
• Allocated Amount : The amount allocated for this particular transaction.

Allocated Amount : The total allocated amount. Unallocated Amount : The total unallocated amount.