Fast-Coding Statement Transactions

How to fast-code your bank statement data (for non-integrated companies.)

Oliver Cook avatar
Written by Oliver Cook
Updated over a week ago

Within AutoEntry's Bank Statements folder, it is possible to code bank statement transactions to nominal accounts and payees before exporting to an Excel/CSV file or specifically for particular accounts packages. Primarily for the preparation of year-end accounts or catch-up jobs where a P&L or Balance Sheet is of primary concern.

📎NOTE: QuickBooks Online integrated companies need to follow a slightly different process when fast coding statements. Please click here for more information. If your AutoEntry company is integrated with any accounting software other than QuickBooks Online, the Fast-Code option is not available.

How to fast-code statement transactions

📎NOTE: Before coding can be done, a list of category accounts must be present in AutoEntry. Click here to find out how.

  1. Once bank statement extraction is complete you will see the Fast-code transactions button in the inbox.

  2. Using the drop-down menus, select the relevant Contact and Category codes. To code multiple lines at once, use the checkboxes to the left and select the first line of the batch. Then select the relevant Category (on any line) and all lines are populated with that account.

  3. Click the green tick icon to Approve each transaction. This can be done in bulk by clicking the box on the top left corner of the page and selecting All > Actions > Approve.

  4. Click Download at the top right corner of the page and select the desired file type.

  5. The file is pre-coded for you; ready to import into your accounting software or keep for your own records.

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