Bank feeds are great when used correctly. They can save lots of time by enabling you to enter transactions quickly. However, you still need to think about where the transactions are being coded. The bookkeeper must be aware of what is being added by the bank feed. Most online accounting software will auto populate the account code, but if the account is wrong the value of your accounting reports are greatly diminished. Just don't push accept on every line item, look and think, that is your job.
Pick a bank
RSS Feed