If you download bank or credit card statement files from the Internet to your computer, MYOB AccountEdge will automatically match transactions from the downloaded statement file to those within your company file.
The file formats that are supported by MYOB AccountEdge for automatic matching are: OFX, OFC, QFX, QIF. Contact your bank or credit card company to receive instructions for the actual downloading procedures.
Once the file is downloaded to your computer, you'll use the Get Statement button to find the statement and automatically match your transactions. You'll find the Get Statement button in the Reconcile Accounts window and the Bank Register window.
When you click the Get Statement button, transactions are matched and the Get Statement Log opens. This alert will tell you the number of transactions contained in the bank statement, the number of transactions read by AccountEdge and if any transactions were skipped. A transaction may be skipped by AccountEdge if it doesn't contain a valid date or amount. The Get Statement Log file, found in your data file, is called the AccountEdge Statement Log.
The Unmatched Statement Transactions window opens after the Get Statement log. If transactions in the downloaded statement file are matched to transactions in your company file, they are marked as cleared in the Reconcile Accounts window. If all of the transactions in the downloaded statement file match transactions in your company file no transactions appear in the Unmatched Statement Transactions window.
If no match is made of a statement transaction to a transaction in your company file, the statement transaction remains on the list that appears in. You can select an unmatched transaction in this window and either:
Warning: Add or match every unmatched transaction in a single session!
We recommend you finish adding or matching every transaction in the unmatched transaction list before you click the Done button.
When you click Done, the transactions you added or matched in the Unmatched Statement Transactions window are updated in the Reconcile Accounts and Bank Register windows. However, if you open the Statement file again, the original unmatched statements list reappears.