Processing your Bank Import after matching

This tutorial will take you through how to process your bank import after you have already matched bank import transactions previously. You can view this in full screen and have the option to Try It (click through the tutorial), View It (a scrollable format), Watch It (watch the tutorial), or Print It (which gives you a PDF to download... the choice is yours! Click Start


1. Download your bank file from the bank, and in Palace go to Financial > Bank Import.

Click Choose File

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2. Browse to where you downloaded your bank file to, and select the file

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3. Click Open

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4. Click Import to import your transactions

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5. As we have already matched a majority of these rent transactions before, the system has recognised who the transactions belong to. Those that are automatically ticked and matched can be processed. Click Process

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6. The transactions that are left behind need to be matched and processed.

Click on the dropdown next to the edit button

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7. and select Match Tenant

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8. Remember you can search by tenant, property or code number.

Select the tenant

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9. This money is for invoices (we can see the other amounts owing at the top of the screen). Enter $0.00 into the rent field.

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10. Enter $94.22 into the Receipt Other field and press Tab. You will see the Transaction and Statement Totals below turn green

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11. Click the options button to see the invoices that are due to be paid

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12. If the tenant hasn't paid the correct amount you can alter what is being allocated to the invoices in the Receipt fields. If the tenant has paid too much, you can use the Unallocated amount options below

Select the first invoice for payment.

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13. Select the next invoice

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14. The transaction amount and selected total match, and there is no remaining funds to have to allocate anywhere.

Click Assign Invoices.

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15. If you want a comment to appear on the owners statement for this transaction you can enter it here

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16. You would select no to Update Tenant Match Code, as we want Palace to auto match the rent each week, and then OK to continue

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17. Select Process

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18. That's it. You're done. 

Remember that after you finish receipting each day you need to complete a bank reconciliation.

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Here's an interactive tutorial

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