Internet Banking Overview

Internet banking is an electronic payment system that enables you to conduct a range of transactions using your bank's website. 

Internet banking in Agrimaster allows you to:

  • Import your statement (transaction history) from most major banks. This will simplify your monthly reconciliation process by matching many of your entries automatically
  • Pay bills. Given you have the BSB and account details for the biller, you can create an aba (Australian Banking Association – agreed format) file of transactions (bills to be paid) that can be exported from Agrimaster to your bank’s internet banking site. This process is known as creating an EFT (Electronic Funds Transfer) batch. This procedure will save you entering bills to be paid into your bank’s internet banking site and then having to enter the same bill again into your cashbook – double handling.

Below are links to available resources on internet banking.


What’s covered

Introduction to internet banking

  • Compatible banks
  • Benefits of internet banking
  • How internet banking works
  • Pre-requisites for internet banking

Setting up internet banking

Before you use internet banking with Agrimaster, you will need to:

  • Add the BSB and account details to your bank accounts that you wish to use for imports and exports of transactions
  • Create a Suspense Receipt and Suspense Payment codes to store any items that are not correctly identified by import statement process
  • Set up the internet banking section of Agrimaster

Make EFT Payments


Once you have set up internet banking, you can make EFT payments in Agrimaster - this involves:

  • Creating an Electronic Funds Transfer (EFT) payment in Agrimaster
  • Sending the EFT batch (contains the transactions to be paid) to the bank
  • If you send an EFT batch with an error, you can return the EFT Batch from the cashbook to the EFT Acc/Pay Cheques section for editing

Import statements

At the end of the month, you can download the transaction history from your bank, save it onto your computer and import it into Agrimaster. This involves:

  • Setting up the import of transaction history CSV (Comma Separated Values) file
  • Downloading the transaction history file from your bank’s internet banking web site
  • Importing the CSV file into Agrimaster
  • Coding imported entries in Agrimaster


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