The Import Bank Transactions program allows you to import transaction information via a file that you download from your bank or credit card company. File formats supported include the .OFX, .QFX, and .QBO file formats.
During the import process, GLS compares the imported bank account transactions with existing journal entries and deposit slips. If matching transactions are found, they are shown on the Matched tab so they can easily be marked as having cleared the bank. Any imported transactions that cannot be matched are shown on the Unmatched tab, allowing you to easily match them with existing transactions or create new journal entries based on the imported information.
To import bank or credit card transactions
You have now reduced the time it takes to reconcile your bank and credit card accounts.
Note: This process is also available in Trust Accounting Software (TAS).