MyFundAccounting: Importing from the Bank
February 2026In MyFundAccounting, there are a few options you can choose from to enter transactions. Sometimes, this can depend on the type of transactions you wish to enter. But for regular income and expenditure, there are two screens you can use: Record Income/Expenditure or the Bank Statement Import. The bank statement import offers two ways to import financial information, either via the bank or a CSV file. In this month’s article, we’ll be looking at importing transactions into MyFundAccounting through the bank.
How It Works
Importing from the bank is accessed via Admin > Import Transactions > Import from Bank Statement > Import From Bank. You will be navigated to the Import From Bank selection screen. You can select your bank from the dropdown menu provided and then select Fetch Accounts. Doing so will take you away from MyFundAccounting to your bank’s login screen. Upon logging in, you will be returned to MyFundAccounting and will have to select your bank again. Note: sometimes banks will be classed as ‘unavailable’ if this is the first time information has been provided to MyFundAccounting.
You will then be taken to two tabs labelled Step 1 and Step 2, just like the CSV import. Step 1 allows users to choose which transactions to include in the import. Ticking the box under the Include heading means all the transactions will be included in the import. Ticking a box next to a single transaction will only include that one transaction in the import. Step 2 allows users to select the bank account to import the transactions to, along with individual nominal codes and funds. Once all transactions are assigned a code and fund, select Import Transactions at the bottom of the screen to import.
You will then be taken to two tabs labelled Step 1 and Step 2, just like the CSV import. Step 1 allows users to choose which transactions to include in the import. Ticking the box under the Include heading means all the transactions will be included in the import. Ticking a box next to a single transaction will only include that one transaction in the import. Step 2 allows users to select the bank account to import the transactions to, along with individual nominal codes and funds. Once all transactions are assigned a code and fund, select Import Transactions at the bottom of the screen to import.
How does importing from the bank differ from importing from a CSV file?
- CSV files allow transactions to be imported into MyFundAccounting more than once. Importing from the bank, however, only allows you to import a transaction once. This is to avoid importing duplicates.
- CSV files utilise the save mappings feature to remember nominal code and fund information for transactions in future imports. Importing from the bank, on the other hand, doesn’t allow you to save transaction information.
- CSV files allow you to import multiple times a day without a limit. But you can only request to import from the bank four times a day, due to banking ruling.
- You can import a CSV file at anytime into MyFundAccounting. But you can only import from a bank within a 90-day period. This is due to the connection for open banking lasting for 90 days. Once the 90 days have passed, connection with the bank will need to be established again.
More News
MyFoodBank.Online – Accepting Referrals
July 2026In 2024, Data Developments launched MyFoodBank.Online. Inspired by firsthand volunteering experiences, we’ve harnessed the power of technology to create cutting-edge software tailored to the needs of foodbanks. This includes helping to simplify processes and minimise stress towards daily administrative tasks faced by foodbanks of all sizes.
One of these handy features includes accepting referrals to your foodbank. In this month’s article, we’ll be showing you how to manage your referrals using MyFoodBank.Online.
One of these handy features includes accepting referrals to your foodbank. In this month’s article, we’ll be showing you how to manage your referrals using MyFoodBank.Online.
MyFundAccounting: Agency Collections
June 2026In MyFundAccounting, there are a few options you can choose from to enter transactions. Which option you choose depends on the type of transaction you wish to enter. One such option is located on the Record Income/Expenditure screens: the Agency Collections code 6699. In this month’s article, we will discuss the purpose of the agency collections code and how it works.
