Does Kontuly connect to my bank with bank feeds?
No. Kontuly doesn't connect to your bank: you download a CSV or PDF statement from your internet banking and import it into Kontuly's Banking screen. Duplicates are skipped, so you can import as often as you like.
How does this work day to day?
Most people import once a week or once a month:
- Download the statement for the dates since your last import (overlap is fine; lines Kontuly already has are skipped). See How do I import a bank statement CSV?
- Bank rules code regular items such as rent, phone bills and bank fees as they come in.
- You code or match what's left, then reconcile to the statement.
A business with a few hundred transactions a month can usually do this in a few minutes once its rules are set up.
Why no bank feeds?
Kontuly keeps your books on your own computer. A bank feed means a third party holding access to your bank account; a statement file is something you download and hand over yourself. See Your data and privacy.
What formats work?
- CSV from almost any Australian bank. This is the most reliable.
- PDF statements, read best-effort with a review screen before import. See Can Kontuly import a PDF bank statement?
- Typed in: for a cash tin or an account with no export, use Quick Input.
Credit cards, savings accounts, PayPal or Stripe balances and petty cash can all be bank accounts in Kontuly, each with its own statements. See How do I add a credit card or another bank account?
Want to try it with your own statements? Join the Kontuly beta.
Related questions
- How do I import a bank statement CSV into Kontuly?Download a CSV statement from your internet banking, choose the account in Kontuly's Banking screen, click CSV and check the columns before importing.
- How do bank rules automatically code transactions in Kontuly?Set up bank rules in Kontuly so rent, phone bills and bank fees are coded automatically when you import a statement, and run them over waiting lines.
- How do I reconcile a bank account in Kontuly?Reconcile a bank account in Kontuly by entering the statement date and closing balance, then ticking entries until the difference is zero.
More about banking and reconciliation
- How do I add a credit card or another bank account in Kontuly?Add a bank account, credit card, PayPal balance or petty cash tin in Kontuly by ticking "This is a bank / cash account" on an account in the Chart of Accounts.
- Can Kontuly import a PDF bank statement?Kontuly can read transactions out of a PDF bank statement, then shows every row for you to check before importing. CSV is still more reliable.
- How do I code bank transactions in Kontuly?Code each bank line in Kontuly's Banking screen by choosing an account in its Assign to column. GST is split out for you, and you can code many lines at once.
- How do I split a bank transaction across accounts in Kontuly?Split one bank line across several accounts and GST rates in Kontuly, for part-private purchases, mixed GST-free items or a bill covering more than one cost.
- How do I match a bank payment to an invoice or bill in Kontuly?Match money in to a customer's invoice, or money out to a supplier's bill, on Kontuly's Banking screen, including one payment covering several invoices.