Banking

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What's New in Banking

We've listened to your feedback and implemented a new layout that will make it easier and more intuitive to ensure all the transactions on your bank statement are in Reckon One, and vice versa. Here'…

Bank Accounts - Reckon One

Learn about Banking in Reckon One.

Bank Transactions

The Bank transactions page shows all the transactions from a bank data feed or imported via QIF, CSV or TXT file. You can accept Suggested matches, Create or Accept transaction rules or Allocate the…

Suggested Matches

Transactions that have been entered directly into Reckon One using Receive Money (Day to Day), Receive Payment (on an Invoice), Make Payment (Day to day and on a Bill) or Transfer money will show as…

Allocate Transactions

After you have imported bank transactions into Reckon One they will display in the Bank transactions page of the selected bank account. For allocating a transaction manually, there are a number of op…

Reckon One Transactions

The Reckon One transactions screen shows transactions for the selected bank account that have been entered directly into Reckon One using Receive Money (Day to Day), Receive Payment (on an Invoice),…

Reconciliation - Reckon One

A bank reconciliation is the process of matching the transactions and balances in the businesses accounting records for a bank account to the bank statement, and identifying any differences between t…

Reconciling your accounts

To reconcile your bank account, click Reconciliation , make sure the correct account is selected in the Account drop down. Enter the Statement closing balance and Statement closing date. Then click S…

Undoing a bank reconciliation

You can undo a bank reconciliation to correct any errors of missed transactions or incorrect allocations. Clicking Undo last reconciliation will display a pop up window, confirming that you are sure…

Transfer Money

The Transfer Money screen is where transfers of money between bank accounts are entered into Reckon One. To access it, go to Banking , then Transfer money. Click on Add to create a new Transfer money…

Transaction Rules

As you process numerous bank transactions in your day to day bookkeeping, you will inevitably find that some bank transactions are recurring. Examples could be monthly account keeping fees, rent paym…

Bank Payments

Reckon One has the facility to create ABA files that are uploaded to the bank for processing batch payments. On this page. Getting your book ready for bank payments Processing supplier payments Creat…

Set up Open Banking in Reckon One

This article guides you through setting up Open Banking feeds in Reckon One, including the steps to ensure your account is Consumer Data Right (CDR) ready. It also explains how to appoint a nominated representative for business accounts and provides detailed instructions for adding and configuring Open Banking feeds. Learn how to connect your bank, authorize data sharing, and manage account settings for seamless integration with Reckon.

View and modify bank feeds

This article explains how to manage bank feeds in Reckon products, including viewing feed statuses, editing feed details, and deleting bank feeds. Learn how to check the status of a feed, view and modify feed details, and change the account name.

Set up direct bank feeds in Reckon One

Direct Feeds in Reckon products are a feature that allows you to automatically import your bank transactions into your Reckon account. This feature provides a seamless connection between your bank and Reckon products, helping you save time and reduce errors by eliminating the need for manual data entry. Direct Feeds are typically set up with participating banks, and once connected, your transactions are imported directly into Reckon products for easy reconciliation and accounting management.

Set up Yodlee feeds in Reckon One

This article guides you through setting up Yodlee feeds in Reckon products. Learn the steps to add a Yodlee feed, including creating a Bank Data tile in the Reckon Portal, selecting your bank, and entering your bank login details. Once connected, transactions will appear in your Reckon product within an hour.

Upload bank transactions to Reckon One

Learn how to upload electronic bank statements into Reckon One so you can reconcile your bank transactions against your Reckon One transactions (such as invoices, payments, and bills). An alternative…
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