- Import CSV, Excel and OFX statements
- Standard Bank, NBS and NBM e-statement layouts recognised
- Guided step by step reconciliation
- Completes only when the difference is zero
- Statement items such as bank charges recorded from the reconciliation
- Separate reconciliation for each bank account
A guided reconciliation
Choose the bank account and the statement period, upload the statement and work through the matches. InsightBooks suggests matches between statement lines and recorded receipts and payments, and you confirm them.
Statements from Malawian banks
Upload statements as CSV, Excel or OFX. Excel e-statements from Standard Bank, NBS Bank and National Bank of Malawi are recognised automatically. For other banks, map the columns of the file.
Finish at zero
A reconciliation can be completed only when the difference between the statement and your books is zero. Items on the statement that are not yet in your books, such as bank charges, are recorded so nothing is left hanging.
Frequently asked questions
Which bank statement formats can I import?
CSV, Excel and OFX. Excel e-statements from Standard Bank, NBS Bank and National Bank of Malawi are recognised automatically.
When is a reconciliation complete?
Only when the difference between the bank statement and your books is zero.
Related
- How to Do a Bank Reconciliation: Step by StepA step by step bank reconciliation for Malawian businesses: get the statement, match receipts and payments, record bank charges and reach a zero difference.
- Accounting Software for Malawi BusinessesDouble-entry accounting in MWK with chart of accounts, journals, trial balance, profit and loss, balance sheet, cash flow, period locks and multi-branch reporting.
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