Importing electronic bank statements

For banks which permit an electronic version of their client's bank statements to be downloaded use the following procedure to import them so that you can reconcile them with the entries on your system.

To import a statement:

1. In the Cash Book, click Add on the Statements tab. If the selected bank has a statement type assigned to it, you will be prompted to import the bank's statement.

2. Click Import. You are prompted to select the electronic bank statement.

• You can click Create Blank here if you want to create a new blank statement.

3. Select the file for import and click Open. You are asked if you want to run an automatic statement line match.

4. Click Yes to run the auto-match. A message showing the number of matches found is displayed.

• If you choose No to the auto-match, a statement is created with all entries unmatched. However, you can still run an auto-match from the Statement window by clicking the Auto-Match button.

5. Click OK. The Statement window opens and a statement is created with entries showing as matched or unmatched.

Notes

• If you are unsure how to download your bank's electronic statement, you should refer to your bank's instructions or contact your bank.

• Before importing electronic bank statements, you must assign a statement type to the bank. You must also assign a bank account for each bank.