How to create bank transactions with bank rules

Save time, reduce human error, and get more accurate reports with bank rules. Define criteria and apply them to incoming bank transactions. Use them with bank accounts connected to a bank feed or when you import a statement directly or via AutoEntry.

Businesses have recurring or frequent transactions from a bank feed or statement, such as monthly utility bills, rent, or deposit interest. Automatically create these transactions instead of entering them manually.

How they work

Define the transaction type and conditions for bank rules. Set conditions like reference or amount to recognize specific transactions. For example, if you pay your monthly gas bill by direct debit, the reference is always the same. Add details such as contact name and payment method for further identification. Prioritize rules so Accounting Start applies them in order. Only one rule applies per transaction, so order is important. Bank rules instantly apply to incoming transactions once set up.

When a transaction matches a rule

When a transaction matches a rule, a suggestion will display asking you to confirm the match. Review the details and confirm to create the transaction. If incorrect, fix it and update your rules to catch it next time. The new rules apply to the next batch of incoming transactions.

What's next?

Create bank rules