Overview of Banking Transaction Fields

The following describes the fields available on Banking transactions within your bank accounts in FINSYNC.

Transaction

All Transactions in FINSYNC have the following fields:  

Note: Transactions tied to Invoices (AR/Accounts Receivable) or Bills (AP/Accounts Payable) will have restrictions for specific fields that can be edited on a transaction . 

  • Synced Icon: (NEW) The presence of the sync icon image-20230322-202017 indicates that a transaction was synced from your bank account. A transaction entered manually or from another action will not have this indicator.
  • Description Field: 
    • Synced transaction - the Description will be an exact replication of the description given to the transaction in your banking portal. 
    • Manually added transaction - The Description field will default to blank - any desired information can be entered and saved here for reference. 
    • System generated transaction - These would be transactions that are generated based on certain actions - such as an invoice being paid through FINSYNC. In these instances you will see the Customer Name appear in the Description field. 
  • Check Date:  This is the date of the transaction
  • Cleared:  This is the date the transaction cleared your bank.
  • Reference: While any information can be entered here, most commonly check numbers are entered here. 
  • Account: For manually added or synced transactions - select an Account (category) from your Chart of Accounts (COA) for tracking and reporting purposes. 
  • Attachment: Optionally add an attachment, such as a scanned receipt, to a payment transaction. 
  • Associate: If using FINSYNC's Payroll or Projects modules - you have the option of tying the transaction to an "Associate" - an expense claim paid outside of FINSYNC would be an example. 
  • Customer: For manually added or synced transactions - you have the option of tying that deposit transaction to a Customer. 
    • If this transaction was created through FINSYNC Invoicing - the Customer will be automatically selected. 
  • Vendor: For manually added or synced transactions - you have the option of tying that payment transaction to a Vendor. 
    • If this transaction was created through FINSYNC Bill Pay - the Vendor will be automatically selected. 
  • Department & Location: These fields are known as Attributes in FINSYNC. Tying transactions to Attributes allows USERS to have more granular reporting. 
  • Attachment: Optionally add an attachment, such as a scanned receipt, to a payment transaction.