New Feature: Bank Transfer Rules

Here at Pandle we know our users can do without the weird and wonderful mistakes that duplicate accounting records can cause. It’s why we’re on a mission to help minimise bookkeeping errors as much as possible.

So, to help things go a little more smoothly for users who transfer funds between two bank accounts within Pandle, we’ve added a new feature. It’s a tool which warns users if the same transaction is about to be categorised in two different accounts.

Minimising duplicate transactions in our users’ bookkeeping

At the moment, transfers made between different bank accounts can be categorised in Pandle against either bank account, and then deleted in the other – to avoid duplication.

If the same transfer does end up being categorised in both bank accounts within Pandle, then this causes an error, because it makes it look like more money has moved around than it actually has.

To avoid this, we have implemented a warning notification for users who are trying to check and confirm transactions which transfer money between their bank accounts in Pandle. To make things even easier, the tool will prompt users to set up a bank transfer rule to handle any transfers like this in the future. Leaving Pandle to get on with processing bank transfers like this automatically.

Bank transfers

If a user is checking and confirming a transaction in one of their bank accounts within Pandle, and selects another bank account as the category for the transaction, a notification will now pop up, like the one below.

New Feature: Bank Transfer Rules

This notification will prompt users to click on ‘Create transfer rule’ and set the rule up using conditions they are able to set. Then, any future transfers between the two accounts will be confirmed in this bank account automatically.

Ensuring no duplicate transactions

If users then try to check and confirm the same transaction as a transfer in the other bank account, they will be shown a similar warning notification. However, this time the message will prompt users to set up a bank transfer rule for this bank account to automatically ignore similar transactions to this in the future.

After these two Bank Transfer Rules have been set up in both accounts any future bank transfers will be handled automatically by Pandle, so users won’t need to do a thing!

Just another error reducing feature from Pandle, this time to avoid duplicating transactions when checking and confirming bank transfers in their bookkeeping records.

Have you used this feature yet? We’d love to know what you think! Contact the team today.

Liam Yapp

Marketing Executive and Part-Time Copywriter. If I'm not working on our next big marketing push, you'll probably find me outside, basking in the sun and walking the dog.

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