Reversing money in and money out

Sometimes when you load your bank transactions into FreeAgent, you might find that because of problems at the bank's end, your money in and money out transactions all come out the wrong way round.

You can easily reverse these in FreeAgent.

Starting from Banking with that bank account open, click the More button and choose Switch money in/out.

I can't see it.

You'll only be able to see this option if you have uploaded a bank file and have at least one unexplained transaction.  If you've never uploaded a bank file, or if you've explained all your transactions, this option will vanish.

more_switch

FreeAgent gives you a list of the transactions it's about to reverse, which will be the unexplained contents of your latest statement upload.  Explained transactions will never be reversed.

If you're happy for it to reverse these transactions, click the Reverse these transactions button.

confirm_reverse

FreeAgent then confirms that the transactions have been reversed and you're ready to start explaining them as normal.

reversed_transactions

Did you find this article useful?

We're glad to hear that!

...and thanks for taking the time to feed back, it's appreciated.

We’re sorry to hear that. Would you like to...

Contact our support team

Send us some feedback...

Categories

We crunch the numbers while you run your business

Try FreeAgent for Free