Bank feeds let you compare your bank account and credit card transactions with the information you have in AccountRight and easily add transactions. Information from your financial institution is sent straight to AccountRight so you can sort out your banking and reconciliations quickly.
Banks feeds are included with an AccountRight subscription and can be used with both online and offline company files. We support many financial institutions in Australia and New Zealand, including banks, credit unions, building societies, and fund managers, and we're always adding more.
Watch the following video for an overview of how bank feeds can help you keep on top of your banking. See also how bank feeds can work for you.
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Bank feed FAQs
How will bank feeds work if my business uses multiple credit cards associated with a single credit card account?
You'll need to set up a bank feed for the primary credit card number. Banks sometimes call this the "primary account number" or "billing account number". This is because a bank feed can only be associated with a single bank or credit card account.
Then when you receive bank feeds for this primary account, the transactions for each of the credit cards will be listed, ready for you to match or allocate.
If your business uses this type of credit card arrangement but you've set up the bank feed for one of the other credit card accounts, and not the primary account, you'll need to cancel the bank feed. You can then re-apply for the bank feed for the primary credit card account.
Can I backdate my bank feeds?
Bank feeds will commence from the date your bank feed becomes active. If needed, you can download older bank transactions from your online banking site and import these into AccountRight. Learn more about importing bank statements.