Both MYOB AccountRight and Xero use the concept of bank feeds. This involves getting a form signed and submitted to your bank (or banks). After a week or two, bank feeds will arrive on a nightly basis and upload automatically into your accounting software. They will sit there “unreconciled” until you match them with (a) a rule or (b) manually code them. Rules are these amazingly helpful things such as “if the bank description contains Bunnings anywhere in the commentary code this amount to Repairs and Maintenance with a GST code”. Or … “If the amount is greater than $1.00 and less than $3.00 code to bank charges with a FRE tax code”. You still have the final ability to match with a rule or make another coding decision, nothing automatically goes into your general ledger. What a great idea!!