Product updates in version 22.0

If you have situations where the same repeated text in bank transactions should be linked to different account types and account numbers, this new feature is what you have been looking for.

We have added a new field “Bank Account No.” where you can specify the bank account number to which this setup should be valid.

One of the usage scenarios is linking bank charges to different G/L accounts for charges of different banks.

• If you enter the bank card number in the “Bank Account No.” field, the “Mapping Text” will be applied to the entries associated with that specific bank card.
• If you leave the “Bank Account No.” field blank, the “Mapping Text” will apply to the records of all bank cards.
• To apply unique settings to the entries of one bank card and general settings for all others, enter the settings in two separate lines:

On the first line, specify the “Mapping text” and the specific “Bank Account No.” for which the unique settings will apply;

On the following line, leave the “Bank Account No.” blank, and the “Mapping text” will apply to all card entries except for the bank account specified on the first line.

We have created a new Assisted Setup for customers in the USA and Canada. This was required as the bank connection intermediary/API provider in these countries differs from the one in Europe and the UK. In the USA and Canada, we are working with Plaid.

This Assisted Setup will automatically run and guide the users through the Bankfeed setup and bank connection processes flawlessly.

For added convenience, you may choose Bankfeed’s language from English, Spanish, German, Danish, Bulgarian, Hungarian, Romanian, Latvian, Lithuanian, and the recently added Swedish, Estonian, Finnish and Greek.