Is there an accounting package

Is there an accounting package

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He is from Canada and is used to using a program that imports his bank statements and then he just drags the info to the correct account. Is there a package in the UK that anyone knows of that does this?

thanks

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By coolmanwithbeard
19th Aug 2009 15:47

Import of Bank statements
QuickBooks will do this if you bank with Barclays

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By dialm4accounts
19th Aug 2009 16:57

Desktop or online?
If your client is happy to go online then FreeAgent www.freeagentcentral.com copes well with imported bank statements.

M
www.homebusinessaccountant.co.uk

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By paul.k2
19th Aug 2009 23:17

Yes and No
Sometime ago I was investigating how I could get statements from banks to assist with the final accounts production process.

While investigating this I came across a South African accounting product that seemed to emulate the process I was after.

The product appeared to take the bank statement and charged it to various accounts, i.e. you could drive the postings from the statement rather than from the actual invoices etc.
I don’t recall if it only posted to the NL or the PL as well. I also think it was able to ‘remember’ transactions and generate the analysis automatically.

I know it is not a UK product, but I believe there are many similarities in the accounting processes and UK software used to sell quite easily in RSA.

The product is called Econoaccounting. There is a Lite version and its cheap enough to buy just to check it out.

www.econoaccounting.co.za

A lot of UK products simply import the bank statment or the purpses of reconcilation or post straight to the NL.
I think you are trying to go further than that,

Out of curiosity, what was the name of the Canadian product?

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KCL
By davidakime
20th Aug 2009 15:08

Xero is the answer
Xero will allow importing of bank statements and if your client is using HSBC these can be daily and done automatically

www.xero.com

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By User deleted
27th Aug 2009 15:28

Import Bank Transactions
Pastel Partner v10 has a Bank Manager module that downloads bank statements and translates them to ledger postings. Downloads OFX files, so can download statements from any bank.

Available in the UK from www.pastel.co.uk

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