Tencia Bank Feeds
Tencia Bank Feeds subscription service streamlines the bank reconciliation process providing huge time savings and allows access to your bank statement data from within Tencia, eliminating the requirement to access individual and separate bank websites. Other flow-on benefits include the reduction of data entry errors automatic creation of new receipts, payments or bank charges, and recurring transactions created automatically with values allocated across accounts.
The Tencia Bank Feed Reconciliation program retrieves data from the linked bank account, matching them to existing Tencia cashbook transactions. The automatic matching and reconciliation occur based on specific matching rules. Where a transaction retrieved from the bank institution cannot be matched to a Tencia transaction, cashbook receipts, payments and charges transactions can be created to create the match.