Go to Documents > Supporting Documents > Bank Statement.
Upload a bank statement from your bank by clicking the Upload button.
Once the status changes to Ready, go to Banking > Bank Documents.
Select the bank account you want the document to import to.
Click on the document you want to review.
Click on view document to preview the document. *Note: The data is extracted by AI, make sure to always verify and check before importing the data.
You can edit the bank statement lines or add transactions.
Once ready, click mark as reviewed to import them as bank statement lines to be reconciled.
Importing Bank Statement from a CSV File
Go to Bank Statements under the Banking tab.
Select a bank account from the drop down under the title. *Note: Make sure that at least 1 bank account is created for your company, if not, you can create that under chart of account.
On this page, to the right, please click the Import CSV button
Download the template and then complete your own CSV.
Import the CSV using the same interface. In case there are errors, we'll generate an error report. You can download the report and fix the errors in your import CSV file. To fix the errors, please refer to this document.
Reconciling a bank statement line
Go to Banking > Bank Reconciliation.
The transactions are automatically suggested. If it is verified, click on Reconcile.
If the suggested transaction is not the right one, click on Find Transactions.
If the transaction is a bank charge, click on the ellipses and then Create Deposit/Withdrawal.
Viewing a reconciliation
In Bank Statements, identify a bank statement line you want to view. Note: The bank statement line should be reconciled. Reconciled lines are the ones with a check mark under the reconciled column.
Click on the check mark of the line you want to check.
You should be able to view the reconciled pair in a modal.
Viewing a Journal Entry
To view a transaction journal entry, click on the icon at the top right corner of the transaction line.
Creating payment or receipt base on bank transaction
In Bank Statements, click on the Reconcile.
Select a bank statement line. If the selected line does not have an available transaction to reconcile with, you can click on the Create Deposit/Withdrawal tab to create a transaction.
Fill in the necessary information. Once you are done, click on the Create & Reconcile.
*Note: You can also create a payment or receipt in the General Ledger. Click here to learn how: Creating Payments & Receipts
Setting up bank feed
Go to Bank Statements under the Banking tab.
Under the actions menu, click on Setup Bank Feed.
Follow the instructions in the prompt and login into your bank account.
Select the bank account(s) you want to connect.
Connecting the bank account might take a while.
Importing bank feed
Go to Bank Statements under the Banking tab.
Under the actions menu, click on Import from Bank Feed.
Select the bank account from the charts of account you want the bank feed to be imported to.
Select the bank feed to import.
You can choose to import all available transactions or select a date range. Note: If you import all available transactions more than once, you might import duplicate transactions.
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