Bank data

Once you have configured the bank connection, the incoming bank transactions from your bank account are automatically imported. This enables the automatic reconciliation of your account receivables, ensuring that payments are matched efficiently with outstanding invoices.

To enhance the accuracy and completeness of your financial data, you can enrich the imported bank transactions through additional methods:

• Uploading bank files: import structured bank statement files to supplement transaction details and support reconciliation.
• Payment advice linking: automatically recognize and match payments using remittance advice documents, improving reconciliation accuracy for bulk payments or complex transactions.

By leveraging these enrichment options, you gain better transaction insights, reduce manual reconciliation efforts, and ensure a more complete financial overview.

You can check the imported bank transactions using the getpaid dashboard or the API.