Handling Special Items Awaiting Terms
Special items like loans and assets need terms before posting.
When you identify a bank transaction as a loan, investment, fixed asset, or prepayment, additional details are required before it can be posted. These transactions will prompt a dialog with options to 'Match existing' or 'Track as new item'.
For loans, provide the principal, rate, term, and repayment schedule. For assets, specify the cost, useful life, and depreciation method. Prepayments require the amortisation period.
If you choose 'Approve now: set the terms later', a task will appear on your Dashboard under Action Required.
Step-by-step
- 1Access the AI Bank Transactions Center
Go to Transactions in the sidebar.
Access the AI Bank Transactions Center - 2Identify a special item
Look for transactions marked as loans, investments, assets, or prepayments.
- 3Open the special item dialog
Select 'Approve' to open the dialog with 'Match existing' or 'Track as new item' options.
- 4Choose how to proceed
Decide whether to set up the item now or approve and set terms later.
Setting up now is recommended for immediate tracking.