Connecting your internet bank account to Rounded makes it easy to add income to your Rounded account. Once your bank account is connected, your bank transactions can be seen from within your Rounded account. Rounded can use this information to create income records saving heaps of time and improving accuracy.
For information on how to connect bank accounts, see the article How do I connect a bank account?
Reconciling an income transaction from the bank feed creates an income record in the main income section of Rounded. It's the income records in the main income section that are used to create dashboard figures and reports.
To add a payment against an invoice
1. Click Bank feeds from the menu on the left
2. Hover the mouse pointer on the transaction to be added to Rounded and click Add to income
3. This creates an income record. Then choose the relevant outstanding or overdue invoice to assign the income to.
NOTE: An income record can only be added against an outstanding or overdue invoice in AUD. If an invoice does not appear on the list, it's most likely either a) the invoice status is Draft or Paid and needs to be changed to Outstanding/overdue or b) the invoice was created with a currency other than AUD
and assign an income category
5. The transaction description from bank feeds will automatically be included in the income record but can be edited as required.
The description of the transaction in the bank feeds will not be modified; only the description of the income record
6. Click Done
A non-invoiced income can also be added via bank feeds.
To add a non-invoiced income
Click Bank feeds from the menu on the left
Hover the mouse pointer on the transaction to be added to Rounded and click Add to income
This creates an income record where you can assign a category if needed
The transaction description from bank feeds will automatically be included in the income record but can be edited as required.
The description of the transaction in the bank feeds will not be modified; only the description of the income record.
Click Done
Transactions on the bank feeds can be filtered. For more information, click HERE.
NOTES:
If an income record has previously been added via the main income section or directly to an invoice, doing so from bank feeds will create a duplicate record.
For more information on adding multiple income via bank feeds, click HERE.
For more information on adding an expense via bank feeds, click HERE.
For more information on adding multiple expenses via bank feeds, click HERE.
For more information on adding income on the Income page, click HERE.
For more information on adding expenses on the Expense page, click HERE.
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