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.
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Before you use internet banking with Agrimaster, you will need to:
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Once you have set up internet banking, you can make EFT payments in Agrimaster - this involves:
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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:
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