बैंकिंग
Banking brings together your bank accounts, the receipts and payments that go through them, and bank reconciliation.
Why and when you use it
Most money in a business now moves through banks: UPI, transfers, cheques and card settlements. Banking is the owner's and accountant's view of all bank accounts in one place, and the way in to Bank Reconciliation, where you prove your books match the bank statement.
Before you start
- Your bank account details (bank name, account number, opening balance)
Step by step
- Open BankingClick Banking in the left sidebar.
- Add each bank accountAdd every current account you use. In Bank Reconciliation this is done with + Add bank account.
- Choose the bank on documentsWhen you save an invoice, POS bill or payment paid by bank, pick the right Bank account so money lands in the right account.
- Watch receipts and paymentsUse Payments to record money in and out; Banking shows how it affects each account.
- Reconcile regularlyOpen Bank Reconciliation, import the statement and match entries every week or month.
- Check cash positionCompare bank balances with the Cash Position tile on your Dashboard.
Worked example
Spice Route Restaurant has two accounts: a current account for card and UPI settlements and a second for salaries and rent.
- Add both accounts.
- On POS bills paid by UPI, the bank account is the settlement account.
- Rent of ₹1,20,000 is paid from the second account via Expenses.
- At month end, both accounts are reconciled in Bank Reconciliation.
Result: The owner sees each bank account's movement separately and both agree with the bank statements.
💡 Tips
- Name accounts clearly, for example 'HDFC current - collections'.
- Do not use a personal account for business payments.
⚠️ Common mistakes
- Leaving the Bank account blank on bank payments, so money appears in the wrong account.
🎬 Video walkthrough (script — recording coming soon)
- Scene 1: Open Banking.
- Scene 2: Add a bank account.
- Scene 3: Pick Bank account on a payment.
- Scene 4: Jump to Bank Reconciliation.