Most financial institutions allow clients to download a file containing all the transactions on their accounts, whether it is a bank account or a credit card account. This download is usually in a standard file format, which can be used to import the transactions into a personal financial system for further processing.
You can Simply download the transactions file and import it into your expense report.
For more information on how to Manually import Transactions visit:
- Importing Transactions into an Expense Report using a .ofx file
- Importing Transactions using a .csv or .txt file
- Viewing and managing Transaction Exceptions
For more information on how to import daily transactions using the Automation Service:
For the manual import of transaction, the following file formats are supported:
- .csv (comma separated values)
- .ofx (Open Financial Exchange File)
- .txt
- KR1025 file format
Example:
Consider a case where you have many business expenses throughout the month, such as client entertainment or travel arrangements. You pay for these expenses using the corporate credit card.
At the end of the month, you can download your corporate credit card statement from your financial institution's web site. Using the import transactions feature, you can then import your transactions to an Expense Report by associating each transaction to an Expense Item and a Task. This saves both the time and frustration of having to fill out an expense and credit card report.
If there are no Expense Reports in the selected cycle, you cannot import transactions.