Context: I currently do all my accounts in Quickbooks Online because it has seamless bank synchronisation and more importantly I can reconcile my bank account entries to invoices or expenses/bills from the bank transaction list. I don’t have to make a separate, manual payment entry for any transaction or open another form, browser tab or link to do so. I would rather use ERPNext for all my business management including the accounts. However, I cannot work out how my imported bank transactions relate to outstanding invoices.
After importing my bank transactions and having to open every transaction manually there is a section in the bank transaction form as below:
This above section of the bank transaction does not seem to create a payment entry for the outstanding invoice. When I look at the invoice in question it is still outstanding.
Q1: What does that section of the bank transaction form actually do?
Q2: I hesitate to even ask this question; do I have to manually add a payment entry for every invoice that I have already imported a bank transaction and reconciled?
Q3. This follows from Q2 and it is; do I have to actually manually make a payment entry of type “receive” before I can reconcile a simple expense without an account with the supplier? (I have no accounts with suppliers and I don’t write purchase orders, I just talk to my suppliers and pay by debit card or cash.)
The documentation for version 13 is not available and I’m most likely missing something really obvious.