Bank Imports

Automated, Efficient Banking and Recons with BOS’s Easy Bank Imports

The BOS Bank Import functionality makes managing your payments and incomes simple, easy and precise, in a matter of clicks.

BOS’s Bank Import functionality allows you to connect payments and receipts with invoices, contacts and with accounts automatically. In order to do that you need to download a bank statement and upload it to BOS. BOS controls all the payments and incomes and connects these with invoices. The application does it by connecting customer-supplier name, registration code, reference number, etc.

The importing banking data functionality in BOS is designed to increase efficiency in the bank reconciliation process.

BOS Bank Imports Benefits

• Eliminates the need for manual entry of transactions.
• Improves data quality: uploading information directly from the bank reduces the likelihood of data inconsistencies.
• Ensures bank independence as your business evolves. Changing banks can be done without interrupting the business process, because of the .OFX (Open Financial Exchange) file format used by most banks.
• Bank recon is automated.
• Match records automatically, or manually, with a few clicks.
• Easily spot and correct balancing variances.

BOS Bank Imports Features

• Transactions are permanently available at the bank source.
• Each statement uploaded creates a journal and can be used for a variety of purposes: automated A/R matching, bank reconciliation and dashboard updates.
• Store opening and closing balances and bank statement numbers.
• Batch importing and filters reduces errors and duplicates when balancing accounts.
• Functionality to allocate split payments for single bank records.