Connecting your internet bank account to Rounded makes it easy to add expenses 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 expense 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 expense transaction from the bank feed creates an expense record in the main expenses section of Rounded. It's the expense records in the main expenses section that are used to create dashboard figures and reports.
To add an expense transaction
1. Go to the bank feeds by clicking Bank feeds on the menu on the left
2. Hover the mouse pointer over the transaction to be added to Rounded and click Add to expenses
3. This creates an expense record. If required assign an expense category
and vendor
4. Assign to a client if required
NOTE: Use the client field when an expense record needs to be on-charged to the client. Assigning a client will make the expense automatically available to include on the next invoice sent to that client. For more information, click this HERE.
5. Attach a receipt
6. The transaction description from bank feeds will automatically be included in the expense 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 expense record.
7. Click Done.
Once you add expenses, the auto-suggestion feature is triggered and will appear as stars on the transactions. It can make adding expenses even quicker. For information on how to enable the feature and begin adding expenses in a breeze, see the article Automatic bank feed suggestions for expenses.
Transactions on the bank feeds can be filtered. For more information, click HERE.
NOTES:
If expense records have previously been added via the main expense section, doing so from bank feeds will create duplicate records.
For more information on adding multiple expenses via bank feeds, click HERE.
For more information on adding income 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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