You can import electronic bank statements from your bank to quickly fill the Payment Reconciliation Journal window with payments to be applied. You use the Bank Statement service to import the bank statement as a bank feed.
To set up the Bank Statement service, fill the fields in the Bank Statement Service Setup window.
When you have set up the Bank Statement service, you must link the involved bank account to the online bank account that the feed will come from. For more information, see How to: Link Bank Accounts to Online Bank Accounts.
When the Bank Statement service is enabled, you can set a bank account up to automatically import new bank statements into the Payment Reconciliation Journal window every hour. Transactions for payments that have already been posted as applied and/or reconciled in the Payment Reconciliation Journal window will not be imported. For more information, see the “To enable automatic import of bank statement feeds” section in How to: Link Bank Accounts to Online Bank Accounts.
When you have enabled the Bank Statement service and linked the bank account, the bank feed is imported when you choose the Import Bank Transactions action in the Payment Reconciliation Journal window. For more information, see Reconcile Payments Automatically.