Importing bank statements directly into Exacc eliminates manual data entry and significantly reduces the time required to keep your accounting records current. This streamlined process allows you to upload transaction files from your bank in various formats and have them automatically integrated into your chart of accounts, ready for categorisation and reconciliation.
Most Australian and international banks support electronic statement downloads in standard formats such as CSV, QIF, OFX or MT940. Exacc intelligently processes these files, detects duplicate transactions to prevent double entry and can automatically categorise transactions based on patterns it learns from your previous entries. The import process maintains full data integrity while saving hours of manual transaction entry work.
The statement import feature includes sophisticated duplicate detection algorithms that compare dates, amounts and descriptions to identify transactions you have already entered manually. You maintain complete control over which transactions are imported and can review all entries before they are finalised. The system also creates a detailed import log for audit purposes, showing exactly what was imported and when.
Ready to save time by importing your bank statements electronically? Follow our step-by-step guide below to successfully upload and process your bank statement files.
Upload bank statement files and import transactions with automatic categorisation and duplicate detection
Your bank statement has been imported successfully - transactions are now in Exacc and ready for categorisation and reconciliation.