This new module allows you to use a statement downloaded from your bank to match those transactions against entries on a Datafile bank account. The reconciliation process offers three levels of matching.
Auto Reconcile – automatically matches entries between the bank statement and the bank account postings where date, amount, and description match.
Suggested Reconcile – steps through matches where the amount and either the date or description on the bank posting matches the bank statement.
Reconcile – manually match entries from the bank statement and bank postings. This option will allow you to match on a many-to-one basis where transactions on the bank statement may be more detailed than the bank posting (or vice versa).
We support CSV and OFX format statement downloads with supplied templates for all major UK banks. An import template designer is also available