Yes! Navigate to the feature by clicking on Add an external transaction in the top right corner of Bookkeeping. At the bottom of the open side bar, click on Or add multiple transactions in one go.
You can name the source (e.g. Amex, Barclays, Cash transactions, etc.) of the bulk upload so that you can easily recognise and filter for the external transactions in Bookkeeping.
Download the bulk upload file template and follow the instructions on screen to add details of the external transactions you want to create. Save the payments file in a .csv format and upload the file. Once the file is uploaded, check any highlighted errors. Edit your .csv file to correct any missing or erroneous entries and re-upload the file. Once you’re happy with the uploaded details, click Create external transactions, and these new external transactions will appear in the To do lists in Bookkeeping.
For external transactions newly created using the bulk upload feature, we automatically assign the spending category Revenue to incoming transactions and the category Other to outgoing transactions. You can change the transaction category in Bookkeeping. You can also apply other VAT treatments and adjust the allowable tax amount for these external transactions in Bookkeeping.
If you’re on the Flat Rate (Cash) VAT scheme, please note that even if you have populated the VAT column in the uploaded .csv file, the Bookkeeping tool will apply your flat rate to newly created incoming external transactions. For any newly created outgoing external transactions, VAT amounts will not be captured - so if you have any Recoverable Capital Goods, you will need to manually apply this treatment to the relevant transactions in Bookkeeping.