Setting up manual bank feeds in 2 easy steps!
For live bank feeds we have integrated with an Australian provider (Basiq) who enable us access to a growing list of over 200 banks and credit unions.
If your bank is not yet available, you can add a manual bank account and import csv transactions to reconcile as frequently as you like. Better still, as soon as bank feeds become available you will be able to link the manual account to start receiving those transaction live.
To get started there are a few easy steps.
Step 1 - Add Bank Account Manually
Select 'Add Accounts' from the menu on the left, then 'Link Banks' button.
From the 'Select Bank' pop-up, search and select your bank or credit union from the hundreds of available institutes. If a bank does not have live bank feeds available it is marked with an information icon.
Step 2 - Enter you Manual Bank account details
Once you've selected your manual bank the next step is to enter the account details, current balance and select the account type from the drop down (Transactions Accounts, Offset, Savings, Credit Card and Mortgage).
And then from the 'Tank Type' dropdown choose which tank the bank account primarily relates to (ie. Work Tank or Property Tank).
If you choose the type 'mortgages', we will need a few extra details to enable accurate equity forecasts and loan to value ratios.
Loan Type - Choose the loan type as defined by your bank or credit union;
Mortgage- an investment property loanAuto loan- a vehicle loanHome equity line of credit- a line of credit secured by a propertyHome loan- a property loanOther- any other loan typeLine of credit- a line of creditPersonal loan- an unsecured loan of personal nature
Original Loan Value - the loan amount at the commencement date
Interest Rate - current interest rate
Repayment Amount - amount you paid each week, fortnight or month
Available to Redraw - how much you can withdraw from the loan (if applicable)
Repayment Frequency - weekly, fortnightly or monthly
Commencement Date - when the loan started
Repayment Type - interest only or principal plus interest
Interest Type - fixed rate or variable
Then, select the 'Submit' button to confirm.
And that's it, you're ready. We'll create a bank account so you can import transactions and start reconciling transactions straight away.
Simply find the manual bank account and select the details button to get started.
For help on how to import transactions check out Importing Transactions Manually