Add bank account

To monitor and record your financial transactions, add any business related bank accounts to IRIS Elements Cashbook. This allows you to match the transactions in the system with those in your bank account.

1. Go to Banking > Bank. Then select Add bank account.

2. Select which method you will use to update the transactional data:

   • Connect an open banking feed

     Transactional data will be imported directly from your bank provider.

     Select Continue to create a new account from a bank feed.

   • Upload CSV file

     Export a CSV from you bank provider. Import this transactional data into IRIS Elements Cashbook.

     Select Continue to create a new account from a CSV.

   • Manually create and manage

     You will manually enter transactional data for this account yourself.

     Select Continue to manually create a new account.

You can change between bank feed methods at any point.

Connect an open banking feed

1. Search for your account provider, or select one the from the list.

If your provider is not listed, an open banking feed is not available. Use CSV or manual feed option instead.

2. Select Continue.
3. Review the Yapily details and select Allow access.

Yapily consent lasts for 90 days and can be renewed or revoked at any time.

4. You will be directed to your account provider's page. Provide the requested details and authorise Yapily Connect access.
5. Once IRIS Elements Cashbook has successfully connected to your account Finalise Details will display.

Upload CSV file

1. Drag and drop, or select to browse to and upload your CSV file.

2. Select Continue.

3. Once IRIS Elements Cashbook has uploaded your CSV file your account Finalise Details will display.

Transactions will still need to be matched an imported.

Finalise account details

Open banking feed: From the list Select account choose the provider account you want to link.
If your account is not listed select Account not showing to restart the process.

1. Enter an Account name. This name will be displayed in IRIS Elements Cashbook.

2. The Account Code is generated but can be changed; it represents this bank in your chart of accounts.

3. The Start Balance should be left at zero.

   If there are transactions recorded in IRIS Elements Cashbook that relate to this account (such as sales or purchase invoice payments), you need to import the transactions, manually add the transactions or record the relevant opening balance using a journal.

4. You can select an Icon from the list to visually represent your bank. This is displayed on the Financial overview widget.

Additional details

1. The Reconcile Date sets the date to start recording transactions for this account. When you perform a bank reconciliation, any unreconciled items after this date will be shown. Typically, this is set to the day before you started using IRIS Elements Cashbook.

2. Transaction locking will prevent any changes or deletions to bank transactions prior to the Lock date. Enter the Lock date date and select the Lock date checkbox.

3. Choose the default Payment method for Sales Invoices from the list. Do the same for purchase invoice payments by choosing from the Payment method for Purchase invoice list. We'll use these defaults when you record incoming or outgoing payments for this bank account.

4. Select Include on overview page if you want this bank account to be shown on the Financial Overview widget on your dashboard.

   

5. Select Set as default account if you want this account to be shown first in the list and selected by default where applicable.

6. Select Finish.