Banking
Banking lets you view transactions from your connected bank accounts alongside your financial records. Use it to reconcile bank transactions against journal entries, flag discrepancies, and maintain an accurate picture of your cash position.
Accessing Banking
Section titled “Accessing Banking”Navigate to Finance > Banking from the main menu.
Metrics
Section titled “Metrics”The header cards summarise the current filtered view:
| Metric | Description |
|---|---|
| Total Amount | Net value of all transactions in view |
| Transactions | Count of bank transactions |
| Matched | Transactions successfully matched to a journal entry |
| Unmatched | Transactions not yet matched |
| Excluded | Transactions marked as excluded from reconciliation |
| Inbound | Total value of credit transactions |
| Outbound | Total value of debit transactions |
| Transfers | Total value of internal transfer transactions |
Filtering and search
Section titled “Filtering and search”| Filter | Options |
|---|---|
| Search | Filter by account name, description, or counterparty |
| Date field | Choose whether the date range applies to Posted At or Transaction Date |
| Date range | Predefined rolling ranges or a custom from/to window |
| Provider | Filter by the connected bank provider (e.g. Mercury) |
| Account | Filter by a specific connected bank account |
| Direction | Filter by Inbound, Outbound, or Transfer |
| Unconfirmed | Show only transactions not yet confirmed |
| Reconciliation | Filter by Matched, Unmatched, or Excluded status |
| Columns | Show or hide individual table columns |
Table columns
Section titled “Table columns”| Column | Description |
|---|---|
| Provider | The bank provider the transaction came from |
| Account | The bank account name |
| Description | The transaction description from the bank |
| Counterparty | The other party to the transaction, if available |
| Status | The transaction status |
| Reconciliation | Whether the transaction is Matched, Unmatched, or Excluded |
| Direction | Inbound (credit), Outbound (debit), or Transfer |
| Transaction Date | The date of the transaction |
| FY Period | The fiscal year period the transaction falls in (format: YYYY-PP) |
| Posted At | When the transaction was posted to the bank |
| Amount | The transaction amount |
| Currency | The currency of the transaction |
Reconciliation workflow
Section titled “Reconciliation workflow”Each bank transaction can be in one of three reconciliation states:
| State | Meaning |
|---|---|
| Unmatched | The transaction has not been linked to a journal entry |
| Matched | The transaction has been linked to a journal entry |
| Excluded | The transaction has been marked as not requiring reconciliation |
Matching a transaction
Section titled “Matching a transaction”- Click the Actions dropdown on the transaction row.
- Select Mark Matched.
- In the match modal, select the journal entry to link this transaction to.
- Click Confirm.
Confirming reconciliation
Section titled “Confirming reconciliation”Once a transaction is matched, you can confirm the reconciliation:
- Click the Actions dropdown on the transaction row.
- Select Confirm Reconciliation.
- Review the details and confirm.
Removing a match
Section titled “Removing a match”- Click the Actions dropdown on the matched transaction row.
- Select Mark Unmatched.
The transaction returns to an Unmatched state.
Excluding a transaction
Section titled “Excluding a transaction”To exclude a transaction (e.g. an internal transfer or a transaction already accounted for elsewhere):
- Click the Actions dropdown on the transaction row.
- Select Mark Excluded.
Excluded transactions do not need to be matched and are filtered out of the Unmatched count.
Connecting a bank account
Section titled “Connecting a bank account”Bank accounts are connected via the Settings > Integrations page. Once connected, transactions sync automatically and a corresponding asset account is created in your Chart of Accounts.