Introduction to bank accounts and bank feeds
Description

Banking explained

The Banking area of Accounting Individual is where you'll set up and manage your Bank Accounts. We automatically set up a Bank Account and a Cash Account for you, but if you are using Accounting Individual Paid you can add more bank accounts. 

Bank feeds explained

A bank feed is a secure connection between your bank account and Accounting Individual.

Connecting to your online banking platform allows Accounting Individual to import your transactions automatically. Your connected bank feed will regularly check for any new transactions and post them to the Draft area for you to review and save.

Add transactions

Whenever you create transactions, this updates the total balance of your bank account.