Why use bank rules? You sometimes have recurring or frequent transactions coming in from a bank feed or statement. For example, the monthly payment of utility bills, rent, or deposit interest. Bank rules can automatically create these transactions instead of entering them manually.
How they work When you create bank rules, you set the transaction type and what conditions apply to it. Read more on creating bank rules in Accounting Start. First, choose how to identify the transaction coming from your bank. This could be a reference date, amount, or a combination of these. As an example, for your electricity bill, this is the reference used by your utility company. Choose the transaction you want to create in Accounting Start. Then specify the category and VAT rate where applicable. For your electricity bill, you set up a payment for the 7200 Electricity category, with the Lower VAT rate. After creating rules, prioritise them so that we apply them in order. Accounting Start applies only one rule per transaction, so it's important to get the order right. Read more on managing bank rules in Accounting Start. After you set up your bank rules, Accounting Start automatically applies them to the next batch of incoming transactions. When a transaction matches a rule When a transaction matches a rule, we'll suggest a match for you to review. Check the details, then confirm the match to create the transaction. If something looks wrong, correct it and update the rule for next time. When you create, edit, or delete a rule, the change will automatically apply to your next batch of incoming transactions. You can also apply your changes to existing transactions. |