Banking

The Banking module helps you manage and automate your business’s banking activities. Since most business transactions happen through bank accounts, recording them manually can be time-consuming and may lead to errors. The Banking module simplifies this by bringing all your bank-related activities into one place.

Understanding Banking

With the Banking module, you can add bank accounts or credit cards and automatically fetch bank feeds or import transactions directly into Zoho ERP. Once the transactions are fetched, you can easily track the money flowing in and out of your accounts.

You can also manually add transactions and match or categorise bank statements with existing transactions, such as invoices, bills, or payments made in Zoho ERP. If a bank statement doesn’t match any existing transactions, you can categorise it manually. You can also create and apply transaction rules to automate categorisation.

After categorising transactions, you can reconcile your bank accounts to verify that your transactions match your bank statements. All these activities performed will be reflected in your account’s dashboard for your reference.

Additionally, you can perform other actions in banking such as editing your account details, marking accounts as inactive, deleting accounts, and using bulk actions to manage multiple transactions at once.