There are instances where a transaction present in your bank feed may not be needed in the General Ledger (GL), particularly if it has already been recorded via another method like a .csv upload.
Steps to Exclude a Transaction
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Identify the Transaction:
- Locate the transaction you want to exclude. This will be a transaction currently in the bank feed state and not yet added to the GL.
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Initiate the Exclusion Process:
- Click on the "Action" button associated with the transaction you wish to exclude.
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Select the Exclude Option:
- Click the "three dots" (•••) on the line of the respective transaction.
- From the dropdown list that appears, select the "Exclude" button.
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Confirmation of Exclusion:
- Once you select Exclude, the transaction will be moved to the "Processed" tab within the Transaction Manager module.
- In the Processed tab, both the Payee and Category fields for this transaction will display the label "Excluded."
Understanding the Exclusion Process
- Purpose of Exclusion: Excluding a transaction is useful to prevent duplication in your financial records, especially if the transaction is already accounted for by other means in the GL.
- Processed Tab Review: After exclusion, reviewing the transaction in the Processed tab ensures that it's correctly categorized as "Excluded."