Should I ignore personal transactions in Kontuly's Banking?
Usually not. In Kontuly, money the owner takes out for personal use belongs in the books coded to Owner's Drawings, and money the owner puts in is coded to Owner's Capital; only ignore a bank line that genuinely doesn't belong to the business or is already recorded another way.
Why not just ignore drawings?
An ignored line posts nothing. If the money really left the business bank account, ignoring it leaves your bank balance in the books higher than the real one, and the account won't reconcile. Coding it to Owner's Drawings with No GST keeps the books right and keeps it off your profit.
For a purchase that's partly personal, split it: the private share to Owner's Drawings with No GST, the business share to its expense account.
How do I ignore a line?
- Hover over the unassigned line in Banking.
- Click the eye-slash icon (Ignore (non-business)) at the end of the row.
The line stays in the list, greyed out as Ignored (non-business). To ignore many at once, tick them and click Ignore selected.
How do I bring an ignored line back?
Click the restore icon (Restore) on its row. It becomes unassigned again, ready to code.
Ignore or delete?
- Ignore keeps the line in Kontuly, marked as non-business. Re-importing the statement won't bring it back as new.
- Delete (the bin icon) removes the line completely. Use it for a genuine duplicate or a line added by mistake. If you import the same statement again, a deleted line comes back.
Related questions
- How do I code bank transactions in Kontuly?Code each bank line in Kontuly's Banking screen by choosing an account in its Assign to column. GST is split out for you, and you can code many lines at once.
- How do I split a bank transaction across accounts in Kontuly?Split one bank line across several accounts and GST rates in Kontuly, for part-private purchases, mixed GST-free items or a bill covering more than one cost.
- Why does Kontuly say "Ledger differs" from the statement balance?Kontuly's Banking balance doesn't match your last imported statement balance. Something is uncoded, ignored, doubled up or in the wrong account.
More about banking and reconciliation
- Does Kontuly connect to my bank with bank feeds?Kontuly has no bank feeds. You import CSV or PDF statements from your internet banking, so your banking login never leaves your hands.
- How do I import a bank statement CSV into Kontuly?Download a CSV statement from your internet banking, choose the account in Kontuly's Banking screen, click CSV and check the columns before importing.
- How do I add a credit card or another bank account in Kontuly?Add a bank account, credit card, PayPal balance or petty cash tin in Kontuly by ticking "This is a bank / cash account" on an account in the Chart of Accounts.
- Can Kontuly import a PDF bank statement?Kontuly can read transactions out of a PDF bank statement, then shows every row for you to check before importing. CSV is still more reliable.
- How do I match a bank payment to an invoice or bill in Kontuly?Match money in to a customer's invoice, or money out to a supplier's bill, on Kontuly's Banking screen, including one payment covering several invoices.