Matching Bank Transactions

The Match option is used when an imported bank transaction relates to a financial record that already exists in RunSensible.

This record may be a bill, expense, trust entry, payment record, or any other financial record that represents money paid, received, or expected to be received. Matching confirms that the real bank transaction and the internal RunSensible record refer to the same financial activity.

In some cases, the financial record already exists, but no related transaction has been recorded in the system yet. When this happens, the Match panel displays the financial record itself. Once the user matches it with the bank transaction, RunSensible creates the related internal transaction and links it to the imported bank transaction at the same time.

In other cases, the financial record already has a transaction recorded in RunSensible. When this happens, the Match panel displays the existing transaction record. The user can then match the imported bank transaction directly to that internal transaction. In both cases, the purpose is to connect the bank activity with the correct record in the system.