At present, Scribe Accounts does not provide automatic bank feeds for bank reconciliation. However, we are actively working on a feature that will allow customers to upload transactions from their bank. This new functionality aims to streamline the reconciliation process by automatically matching uploaded bank transactions with the payments and receipts recorded in Scribe Accounts. We hope to have this feature ready in the first half of next year.

How Will It Work?

1. Download Transactions from Your Bank:

   • You will need to download your bank transactions in a supported format (CSV or possibly PDF) from your bank's online banking portal.

2. Upload to Scribe Accounts:

   • Once downloaded, you can upload the transaction file to Scribe Accounts. We will provide a simple and user-friendly interface to make this process easy and efficient.

3. Automatic Reconciliation:

   • After the upload, Scribe Accounts will automatically attempt to reconcile the uploaded bank transactions with the payments and receipts recorded in the system. This will save you time and reduce the likelihood of manual errors.

Supported Formats

• CSV (Comma-Separated Values): This format is commonly supported by most banks and will be one of the initial formats supported by Scribe Accounts.
• PDF (Portable Document Format): Depending on your bank provider, we hope to support PDF files for transaction uploads as well.

What Do I Need to Do Now?

While we work on implementing this feature, you can continue to reconcile your bank transactions manually. Keep an eye on our updates, as we will notify you as soon as the automatic bank feed feature is available.

Frequently Asked Questions

Q: When will the automatic bank reconciliation feature be available? A: We aim to release this feature in the first half of next year. Please watch for announcements regarding the availability.

Q: Which banks will be supported? A: The feature will support any bank that allows transaction downloads in CSV or PDF formats. Specific compatibility details will be provided closer to the release date.

Q: How will I upload my transactions to Scribe Accounts? A: You will be able to upload transactions through a new interface in the Scribe Accounts application. Detailed instructions will be provided once the feature is released.

Q: Will the automatic reconciliation be 100% accurate? A: While we strive for high accuracy, the reconciliation process may occasionally require manual adjustments. The system will provide alerts for any discrepancies that need your attention.

Stay tuned for more updates, and thank you for using Scribe Accounts to manage your council’s finances efficiently!