Bank Reconciliation Module Overview
The bank reconciliation module in ExpensePlus allows you to import or upload bank, card and payment processor transactions, and match these to the relevant purchases, funds and categories.
You can then use this information to create your monthly reports and your year-end accounts.
Importing and uploading transactions
In ExpensePlus you can:
- use open banking to enable an automated feed of your bank transactions to be imported to ExpensePlus
- use CSV bank statements from your bank to upload transactions to ExpensePlus, generally done monthly
Choosing which method to use depends on your preference and also if the automated feed is available for your bank or payment processor.
Reconciling transactions
The bank reconciliation module enables you to easily match transactions to purchases and invoices that have been entered.
ExpensePlus will also remember recurring transactions, allowing you to quick-match these in future months.
New to ExpensePlus?
If you are new to ExpensePlus, we'd highly recommend watching the video below, and joining our free online tour to understand how to use the bank reconciliation module most effectively.
If you are part-way through your financial year and need to import data restrospectively, we recommend following the process in this video: Mid-Year Migration - Importing Data.
Watch this short video to learn more about the Bank Reconciliation Module:
Frequently Asked Questions
Click here to view our other FAQ articles about bank reconciliation in ExpensePlus.