Term
What is bank feed? Meaning and explanation
A bank feed (bankkoppeling) is an automatic connection that brings bank transactions into the accounting software without manual import.
Definition
A bank feed (bankkoppeling) is an automatic connection that brings bank transactions into the accounting software without manual import.
Also known as: Bankkoppeling, Bankfeed, Bank feed, Automatische bankkoppeling
Usually based on PSD2 with the account holder's consent. Autoboeker uses the bank lines arriving through the feed in Exact Online, Twinfield or SnelStart, and the client portal shows whether the feed is active.
Further reading
Related in the knowledge base.
Guides
Automating bank reconciliation: from bank statement to balance
Automating bank reconciliation for firms: how bank data arrives (PSD2, CAMT.053, MT940), how AI matches and reconciles and how the bank balances faster.
8 min readRead the guideWorkflowsBank matching and reconciliation: how to automate it
What bank matching and reconciliation are, how to link transactions to invoices and how AI matches on amount, reference, IBAN, contact and date with a score.
9 min readRead the guidePlatform
Integrations
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