It’s a great habit to get into to ensure that at the end of each month, or GST period, that your Bank account actually balances to what Farm Focus has calculated and what has come through on your bank statement through the Bank Feed.

The very first thing to check is that you have coded all bank transactions on the RH Side of your Needs Action screen for the relevant month you are balancing to.

To check this, from your Needs Action screen, select Balancing, and if you have multiple bank accounts, the bank account you need to check:

This will then show you when your last Balancing was accurate between your Focus calculated balance and the bank feed statement balance, this is indicated by a green “Balanced up to here” line:

If you have a manual bank account, you may need to manually enter in the bank balance at the end of each month.

If your account does not balance, check for the following:

Duplicate transactions – Any double ups of transactions.

Manual transactions entered – these will not appear in your actual bank account therefore Focus can’t recognise there is a difference.

Rabobank All In One Account – If you have this type of account, this encompasses loan facilities and working capital and so is treated slightly differently.  In this instance, it is best to be able to enter a manual bank balance at the end of each month, this can be changed in the Settings under Bank Accounts.

Still having problems balancing your Farm Focus bank account?  Call us today to help you find the cause and the solution.