After linking a bank account to REI Hub or uploading transactions from a bank export, you can view a feed of your imported transactions. Booking a transaction means categorizing and adding that transaction to your official records — your books.
An imported transaction will not impact your reports or dashboards until it is booked. After it has been booked, it can be found and edited on the Booked Transactions page, or from the reports. Booking imported transactions is one of the most common actions taken in accounting software.
There is an import feed for each bank account, accessed individually from the Banking page, or a general import feed of every bank account's transactions in one chronological order, found under the Transactions page. We recommend using the import feed in the Banking page to book your transactions, while using the total import feed under the Transactions page to find a specific transaction.
The Import Feed Suggestions
1) Navigate to the Import Feed page
You can access it via the Banking page or directly under the Transactions tab.
2) The 'Accept' Button
The REI Hub system will analyze your previously booked transactions and present a recommended transaction type and scope. If it's correct, you can click 'Accept' to book that transaction. Once it's been accepted and booked, it will filter into your Booked Transactions page and your reports.
If you want to attach a receipt, you'll then hit the "View," "Edit," and "Click to Add Pictures or Files" buttons.
3) The 'Book' Button
The 'Book' button allows you to categorize the transaction by selecting the transaction type and entering the account and transaction scope.
If it is a multi-unit property, a Unit selector will appear. If the expense applies only to the entire property but not a specific unit, leave the unit field blank.
If it is a portfolio-level transaction (such as an overhead expense), update the Portfolio Scope field. All transactions not booked to a specific property can be seen on the Net Income by Property report.
Select the appropriate Expense or Revenue Account. Additional accounts can be created from the Chart of Accounts page.
4) Click Save Transaction and view your new transaction in the Booked Transactions tab
Booked Transactions can be edited or unbooked by clicking on "View" and "Edit."
If you have booked a transaction from the import feed and then clicked "Undo" from the Booked Transactions page, it will reappear as an unbooked transaction in the import feed.
5) Filter Booked Transactions
To quickly find a booked transaction, you can use the filter button to filter transactions by their status, the account, and date.
Still have questions? Reach out to our Support Team via email at [email protected] or call us at (888)939-6865.