Bank feeds and bank statements

The best way to work with bank transactions is to import them automatically using bank feeds, or by manually uploading your electronic bank statements. To import transactions:

• Automatically using bank feeds, see Bank feeds.
• Manually by importing bank or credit card statements, see Bank statements.

Manually entering bank transactions

If you don't want to import your bank transactions, you can also manually enter the money you spend and receive, and manually record payments for your invoices and bills. You can then reconcile these transactions against your bank statement at the end of the month.

See Entering bank transactions manually.

Matching bank transactions

If a bank transaction is a payment for an invoice or bill you've entered in MYOB Essentials, just match it to the invoice or bill. In some cases, MYOB Essentials will automatically match your transactions. See Matching bank transactions.

Allocating transactions

Otherwise, if you haven't already entered an MYOB Essentials transaction that matches the bank transaction, simply allocate it to one of your MYOB Essentials accounts. See Allocating bank transactions.

You can set up MYOB Essentials to automatically allocate transactions based on the transaction description or other features. See Managing allocation rules.

View transaction history

See all the bank transactions you've entered into MYOB Essentials, including Spend Money, Receive Money and Transfer Funds transactions, as well as payments made by customers and to suppliers. You can also view transactions that have been allocated and matched from your bank feeds.

This page doesn't include unallocated or unmatched transactions from your bank feeds or imported statements.

See Transaction history.

Reconcile remaining transactions

Reconcile any MYOB Essentials transactions that remain after you’ve allocated all of your bank transactions.

See Reconcile transactions.