Which plan lets you reconcile the bank?
FreshBooks lists bank reconciliation on Plus, Premium and Select. Compare the number of billable clients as well. That limit concerns the clients you can bill under a plan. Pulling in a bank transaction is one step. Matching it to an existing payment or expense is another.
How do you keep both the records and the invoices?
FreshBooks’ export guide lists different download methods by record type. Make a handoff list for the invoices, expenses and reports you need. Decide whether the next person needs an invoice document or the row of data that describes it.
Why might a client invoice and a bank deposit differ?
On paper, record a fictional invoice for 100 and a bank deposit for 97.
- Draw the missing linkMark a separate fictional processor fee of 3 in the payout breakdown. Check how the figures add up.
- Keep the right evidenceList the invoice, payout breakdown and bank entry you would hand over together.