This article introduces you to our new bank module that allows you to visualise your bank data and makes providing clarifications on your bank statements much faster and easier. There will not be a need to edit and email back excel files. Once the bank statements are annotated for accounts, you will be notified by our team to verify your accounts and clarify any transactions that are not clear. Here are the steps to follow to view the bank statements and review your accounts,
Click on Bank Statement on the menu bar on the top
2. You will be directed to a login page (for added security). Please login with the your account credentials.
3. After logging in you will see a window showing you the visual view of your statements with accounts annotated at our end.
4. You can click on different pies (accounts) in the pie chart to filter the bank transactions (on the right pane). You can also view the accounts based on a period by clicking on the 1m, 3m, 6m, YTS, 1y buttons or choosing a period in the From and To boxes. We have also introduced a cluster visual to allow you to see suppliers that you spend with.
5. Please go through the account classification to check they are accurate. All Unassigned accounts need to be classified.
6. To classify a transaction(s), click on it(them) and then click on the Select Account dropdown list to pick an appropriate account.
7. Once the account is chosen click on the Update button to confirm the change.
8. You can add a comment by clicking on the comment box to the right of each account item.
9. You can filter the accounts based on the bank by choosing the bank from the drop down list.
10. Once all accounts have been classified accurately, click on the Done button. An error message is shown if any Unassigned account is left uncategorised.
11. Once all accounts have been categorised and you have clicked on the Done button, you will see that the accounts now have a Reviewed tag in green colour.
12. The following month when you upload your latest bank statement, you can use the Review toggle button to review just the new accounts from the latest bank statement that was uploaded. Thereafter you can follow the same steps as above to classify the unassigned items and mark your review process Done.
