For each imported transaction, choose one of four options: Create, Match, Transfer, or Discard.

Create a transaction

You can create the following:

You can split the transaction into various transaction lines if you need to record a different tax rate, or select different ledger accounts. See How to split a bank statement line to multiple accounts.

Transfer to another bank account

You can record a transfer from another one of your business bank accounts. Create the other account in your Banking tab first. See Add and manage bank accounts.

This option isn’t suitable if you want to record a transfer coming from a bank outside your business. In this case, you can simply create an Other Receipt or Other Payment. Once you create a transfer, the system creates the transaction in both accounts simultaneously. If you also import your transactions for the second account, you need to match it to the one already recorded during the first import. Otherwise, you create a duplicate. You could also ignore the transaction, but the Match option marks the transaction as cleared against your statement.

Discard a transaction

To discard a transaction:

1. Select the box next to the transaction.
2. Select the trash icon.

The system doesn't import the transaction or mark it as cleared against your statement.

Discard is useful when:

• You want to avoid duplicates
• You have already imported or entered the transaction and reconciled it
• You imported an incorrect file by mistake. You can select multiple transactions and discard them together

If you have already created the transaction manually but not reconciled it, it is better to Match the imported transaction to the one already recorded. This marks the transaction as cleared against your statement and helps with reconciliation later.