An unpaid invoice gets collected
You end witha payment recorded
3 screens · about 5 min
For accounts, finance
Accounts and payments · ERPNext live demo
The bank statement matches itself: a live ERPNext demo
The Bank Transaction, on the real ERPNext screen of a demo company, with a guide on each step.
- No sign-up
- No card
- No account
Bank Transaction
- Company
- Mith Demo Traders
- Step
- 1 of 1
One line of the bank statement, matched to the payment it belongs to.
You end with the bank reconciled1 screen · about 3 minFor Accounts, financeFits Financial services
What this flow is
Every month someone ticks the bank statement against the books, line by line, to find what's paid and what isn't.
Here a statement line is a bank transaction with the amount that came in. It's matched to the customer's payment the way ERPNext's bank reconciliation tool does it, and only the lines that won't match are left for you.
Before and after
| Without it | With it |
|---|---|
| Statements ticked off by hand | Statement lines matched to payments |
| Unmatched items found at year end | Unmatched lines left in view for review |
| Cash position known a day late | Cash updates as documents are saved |
| Bank and books disagree for weeks | They agree as each line is matched |
Screen by screen
Each step is a real ERPNext screen in the demo company. FlowMentor points at what to fill in.
Bank Transaction
One line of the bank statement, matched to the payment it belongs to.
Inside the demo company
Mith Demo Traders, a made-up company that makes and sells kettles and toasters. It isn't GST-registered, so its documents carry no tax.
One line of today's statement is ready; you match it to the customer's payment. The statement import is in MithUniverse only.
You're signed in as a demo visitor. Nothing is emailed, and what you make is removed 15 minutes after you finish.
Who uses it
And what each of them gets from it.
Accounts
Matches the statement instead of ticking it.
Finance manager
Sees what's reconciled and what isn't.
Owner
Sees today's cash position.
A guide on every screen
FlowMentor is our guide app for ERPNext. On each screen it points at the field to fill and the button to press, one step at a time, so you can finish the flow without training. It runs on the real screens, not a video.
- One screen at a time
- Points at the field and the button
- On the real ERPNext screens
Set up for your business
The demo shows the plain flow. In a real project we set it up to how you work.
- Statement import from your bank's file
- Matching on references and amounts
- More than one bank account
- Reconciliation reports for your auditor
- Payments created from unmatched lines
See the whole journey
Flows that go with it
Questions about this flow
Import your bank's statement file with the bank statement import tool; each line becomes a bank transaction.
The bank reconciliation tool suggests matches by amount and reference; you confirm them and review what's left.
Create the payment or journal entry from the line itself, in the reconciliation tool.
Yes. Each bank account is reconciled against its own statement.