Most banks provide the option to download your bank transactions for import into an accounting system. In Manager.io, you can import these bank statements to streamline your accounting process.
Navigate to the Bank and Cash Accounts tab.
Click the Import Bank Statement button located at the bottom-right corner of the screen.
On the import screen:
Next button to proceed.You will see a summary displaying:
Review the details carefully. If everything is correct, click the Import button to finalize the process.
Imported transactions from your bank statement will be recorded as either payments or receipts.
To save time and improve accuracy, use Bank Rules to categorize imported transactions automatically. Bank Rules allow you to define criteria for assigning accounts and tax codes to transactions. For more information, see Bank Rules.
If you need to undo a bank statement import, navigate to the History screen. This allows you to reverse the import action. For details, see History.
When selecting the bank statement file to import, make sure to download it directly from your bank's website. Manager.io supports multiple file formats:
For the best reliability, use one of the following formats:
Note: If your bank offers statements in multiple formats, prioritize using the preferred formats listed above. While Manager.io can interpret various CSV formats, CSV lacks a standardized structure, which may lead to inconsistencies.
Duplicate transactions can occur if transaction dates change between imports. To minimize duplicates:
Transaction date errors often arise due to differing date formats. For example, the date 01-02-2024 could mean:
Manager.io attempts to determine the most likely date format when importing ambiguous dates. To ensure accuracy:
By following these steps, you can efficiently import your bank statements into Manager.io, ensuring your accounting records are accurate and up-to-date.