Entrepreneurship & Small Business

Bank that offers payment narration in transactions

  • Last Updated:
  • Oct 6th, 2020 1:47 am
[OP]
Newbie
May 25, 2018
37 posts
9 upvotes

Bank that offers payment narration in transactions

You pay a vendor or supplier, there's no meaningful narration to the transaction making book keeping harder. Please which bank offers accounts with the ability to properly narrate payments and transactions so it's easy to remember what the transactions are for....
2 replies
Deal Addict
Jan 1, 2017
1185 posts
1024 upvotes
Mrman123 wrote: You pay a vendor or supplier, there's no meaningful narration to the transaction making book keeping harder. Please which bank offers accounts with the ability to properly narrate payments and transactions so it's easy to remember what the transactions are for....
What method of payment are you using? What specific info do you want to have in the transaction?
Newbie
Feb 17, 2017
56 posts
13 upvotes
I've used RBC and BMO and find the transaction records pretty barebones and useless. you'll probably have to do it yourself, not in the bank's software. when you make the payment, record somewhere in your own records the date, amount, invoice number etc. could be just a google doc or spreadsheet and then whenever you or your bookkeeper updates the books, the human reviews the notes and transfers the info into quickbooks or whatever.

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