Features / Banking & Reconciliation
Bank feeds in. Categorised transactions out. The books keep themselves.
Connect every bank account the business uses. Transactions flow in nightly. The platform suggests a category, a counterparty, and where the entry should post. You scan, accept, and the ledger updates itself. Reconciliation stops being a monthly scramble and becomes a Monday-morning scan.
Features · Banking & Reconciliation
Overview
By what you hold
People and pay
Meeting the ATO
Asking for help
For accountants
Smart categorisation, explained.
Every suggestion shows its working.
Each uncategorised transaction arrives with a suggested category, a confidence level, and a short reason naming why the category was chosen — usually the merchant name, amount pattern, or a rule that matched earlier transactions. High-confidence suggestions are designed to be accepted at speed. Low-confidence ones slow you down with a note so you can check before committing.
The platform learns your choices.
Categorise the same merchant a few times and future transactions from that merchant get the same treatment automatically. Override an AI suggestion, and that override becomes your new default. You teach the system once, not every time.
Write a rule for the patterns the AI misses.
Some transactions are not pattern-matchable — a shared utility bill split between two businesses, a specific merchant that always needs to go to a specific property, an expense that triggers a GST treatment the AI cannot infer. Write a rule once: "Every transaction from X goes to category Y, property Z, with GST treatment W." The rule applies from then on, and to historical transactions retroactively if you want it to.
What else you get.
-
Multi-account support — Every bank account, every credit card, every merchant account can be connected.
-
Bulk categorisation — Apply a category to hundreds of transactions at once.
-
Split transactions — One bank line can post to multiple categories (the Bunnings trip that was half business, half personal).
-
Transfer detection — Inter-account transfers are identified automatically and not double-counted as income or expense.
-
Statement reconciliation — Match the platform's running balance against the bank's statement balance at any point.
-
Connection to the national feed network — Bank connections use the regulated consumer data right feed network, with your explicit consent. Your bank credentials are held by the feed provider, not by us.
-
Disconnected-feed alerts — If a bank feed stops working, you know before the next pay run or BAS preparation.
See the rest of the platform.
Every feature of myaccountant follows the same philosophy — show what matters, hide what does not, earn the reader's attention before demanding it. Browse the full Features library to see how each piece of the platform is shaped around that principle.