Bank accounts and feeds

Banking › Bank accounts & feeds. This is the only place bank statements are brought in. Bank accounts belong to the legal entity, so a company’s bank activity is recorded once, in the Company ledger.

1. Under Company bank accounts and statement import, add the account with a Bank account name.
2. Choose its Company cash account: the asset account in your chart that represents it.

A bank account must use the legal entity’s functional currency.

There are two ways. Both put rows into the same Reconcile queue.

Choose Import from a file. At the moment manual CSV import supports GBP Monzo statements.

Live bank feeds bring transactions in automatically through Open Banking. The connection is read-only.

1. Select Connect a bank and sign in with your bank when asked.
2. Back in VexLedger, Link each bank account to one of your company bank accounts, and choose the date to start from. Choosing a date after any rows you have already imported means nothing is duplicated.
3. Select Sync now to bring in transactions. Feeds then keep up to date automatically.

Your bank’s consent lasts up to 90 days. When it expires, the connection shows Renew consent. Select Reconnect to renew it in one step. Disconnect stops new transactions. Everything already imported is kept.

On the bank account you can enter the Balance per bank statement. VexLedger shows the Ledger balance, the Imported rows, net and the Difference, so you can see at a glance whether your books agree with the bank.