Reconcile your bank using the Funds Transfer Detail report

If you've set debits and credits to your bank account to show as consolidated for each day, then Bill Manager makes up to two Automated Clearinghouse (ACH) debits per day to the bank account used for Payables in a Bill Manager account. The debits are comprised of multiple bill payments.

Using accounting system we sync with

Using the information in the Funds Transfer Detail for Bill Manager Payments, easily reconcile the Bill Manager Money Out Clearing account by comparing payments made in Bill Manager with the journal entries posted by the sync in the accounting system.

Access the Funds Transfer Detail for Bill Manager Payments:

1. Login to Bill Manager
2. Select Reports on the bottom of the navigation menu
3. Select Funds Transfer Detail for Bill Manager Payments

Using an accounting system that we don't sync with

Using the information in the Funds Transfer Detail for Bill Manager Payments report, post transactions in any accounting system we don't have a direct integration with for the gross amount of all payments made on a particular date.

By recording the funds transfer, effectively zero out the transaction in the clearing account in the accounting system. This approach allows for easier bank reconciliation, as all transactions in the check register will match the bank statement. It also displays post-dated transactions, which improves cash flow management and enables the ability to easily see how the bill was paid when viewing a bill payment transaction via the account to which it was posted.