How to link Bankdata feeds and allocate transactions in Reckon One

Legacy KB ID: 5440

Question

I have received notification that transactions for the bank and credit cards I have requested have been received.  How do I now process these transactions?

Answer

When transactions have been received for your account, a feed for that account will be visible to the bankdata record owner on the Bank Connections screen. 

The bankdata record owner must link the bankdata feed to a ledger account.

To view your transactions:

  1. Go to the Bank Accounts screen.
  2. On your bank entry click on the Transactions from Bank tab.
  3. In the top right ensure that in the Upload Section, the highlight is on the bank feed entry.
  4. The table below will show the transactions received to date awaiting allocation.

To allocate a transaction to your ledgers:

  1. Look down the list for entries that contain a yellow box – this indicates that an auto-match has been found.  If the match details are appropriate, click on the Reconcile button to the right. 
  2. To allocate other transactions click on the Allocate payment (or receipt).
    1. For a quick entry use the fields that open to the right to select the Supplier/Customer and Account and click on Reconcile.;
    2. For a more detailed entry click on Allocate detailed payment (or receipt) and complete the form and click on Save.

If the transaction will be regular with the same details, you can create a Rule:

  1. Click on Create rule. 
  2. Complete the search criteria.
  3. Complete details for allocating the transaction.
    1. Where the transaction will be split over a number of accounts, enter lines for fixed amounts first and then lines for percentage amounts; and
    2. Make sure the percentages tally up to 100%.

In future downloads Reckon One will search for a Rule match before attempting an auto-match.


Allocated transactions will appear in the Allocated tab and under the month icons on the Bank Accounts screen. 



Need more help?

Ask the Reckon Community at: https://community.reckon.com/categories/reckonone

Or Log a Support Ticket: https://www.reckon.com/au/support/

 



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