Reckon Product Ideas

Make a difference by sharing your ideas with the Reckon product development team. Your votes will directly influence the product roadmap and help guide our products future direction.

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Allow financial institutions to be added that don't have the ability to be "connected"

I would like to be able to add finance investment accounts as Bank Accounts, so to be able to have an "other/not listed" option for accounts that aren't in the list. Sure they won't be able to be "connected" but at least I can treat it like a Bank account and have it reported on as such. I can always manually upload a CSV or QIF file to enter transactions.
  • Guest
  • Apr 30 2018
  • Already exists
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  • Admin
    Jason Hollis commented
    15 May, 2018 07:50am

    As an update post our internal review; the approach to create Bank Accounts via Banking > Bank accounts > Add is baked into the logic of the Reckon One app and therefore is not possible to change. As there is no requirement to select a financial institution (the only mandatory field is the display name) this will allow you to create a bank account type GL account that sits correctly in the balance sheet and shows the correct TYPE in the COA list.

    That said, our review did highlight a couple of areas we should amend. Once the bank account is created we should:

    1. Remove the "Bank - " text in the account name
    2. Allow an edit of the Account code, Export code, and Description from the COA list
    3. Ability to create a bank account from the COA list UI

    I have created an amended idea HERE. Please vote. 

  • Admin
    Jason Hollis commented
    2 May, 2018 04:58am

    Thanks for getting back to me. Much appreciated. I've got it now. Essentially you want to be able to create a bank account from the chart of accounts, and assign TYPE = Bank so it sits with the other bank accounts (but not necessarily in the banking screen), especially useful for reports like the Balance Sheet. This is possible via the API so I will speak to our architect and see if we can open this up to the user interface. Jason. 

  • Guest commented
    1 May, 2018 06:45am

    Hi Jason,

    correct, it isn't mandatory to connect an account, but you can't create one unless you choose from the fixed list of financial institutions. I'm presuming that the list is fixed for a reason, like those are ones you can connect to and you need a consistent value to pass to the connection code or API.

    BTW, I work in IT for my day job, club treasurer is my sideline.

    For consistency, I would like to show all bank accounts as system bank accounts and not have one or two of separately in chart of accounts as an Asset type like people have suggested.

  • Admin
    Jason Hollis commented
    1 May, 2018 04:19am

    Is it possible to provide more details? Currently it is not mandatory to 'connect' a bank account in the general ledger to a financial institution. Cheers.