If your bank offers online financial services, maintaining your account register becomes automatic. With either Background Banking or Web banking, you can download transactions or statements from your bank and they are entered automatically into your account register. You donÆt have to type a single transaction.
Downloading account transactions offers several other benefits:
- ItÆs convenient. You can get an account balance and your most recently cleared transactions any time. You can also see bank-generated transactions, such as interest and bank fees, without having to wait for a paper statement.
- It saves time. Money automatically updates your account register with downloaded transactions, saving you from entering every transaction by hand.
- ItÆs accurate. Downloading statements keeps your Money file consistent with your bankÆs records.
- It double-checks any manual entries. With Register Reconciliation, Money automatically matches any transactions youÆve entered manually with downloaded transactions and lets you correct any discrepancies. You can make sure everything matches, and know that nothing is entered twice.