Internet Banking Overview – Agrimaster

Internet banking is a form of banking that is performed online.

It allows you to access your bank's website to transact and access other banking services.

The Internet Banking feature in Agrimaster means you can:

Import statements from your Banks website
- You will have the option to Automatically download your statements when Bank Feeds is released
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Batch 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.

Description	What’s covered
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
Import Transactions	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
Bank Feeds	Bank Feeds will be Agrimasters latest feature that allows you to automatically download your statements through File Manager
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

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