Allocating bank transfers from suspense (legacy method)

Mclowd provides users with two options in terms of suspense allocations:

• A legacy interface (available to all users)
• An upgraded tabular interface which supports faster transaction processing (access to which is restricted to Pro and Premium users only)

**NOTE:

• The suspense allocation function – in either mode – is not suitable for adding a new property or any additions to that property.
• That should be done only via the Add New Asset or Assets screens
• However the interface is suitable for allocating property-related rental income and deductions

The balance of this article deals with the legacy interface.

If you have successfully imported the bank data:

• Choose Suspense Allocation Legacy from the Transactions menu
• You will then see the Allocate Suspense Entries screen

From the Suspense Account Allocation screen you will see a list of transactions that are available for allocation.

The following example relates to dealing with a Bank Transfer.

In the relevant row, you need to:

• Click the Please select button against the Bank Transfer transaction
• You will see a drop-down list of Income, Expenses, and Other categories
• Select Bank Transfer

• You will then see the Assign Bank Transfer screen. Most of the screen is pre-filled by Mclowd, except for To Account
• Click Please select against To Account and then select the relevant bank account

 Note:

• If required, you can change the Notes to something more meaningful
• If you should not be adding a Bank Transfer, select CANCEL to return to the previous screen

Select TRANSFER FUNDS once you are satisfied with the information on the screen.