Data Feeds

10.2.3 Bank Data Feeds: To Verify Interest Received Entry:

To verify a receipt of interest received to your bank account, select the Interest Category from the Income Group.

Verifiying interest income

Select the correct bank account in the Select Asset drop down.

In the Add to Account field, ensure the account you are processing is displayed, since this deposit was made to that account.

Check that the date and Interest amount are correctly entered in the Income From Cash panel in the centre.

Click SAVE INCOME to return to the data feed transactions screen. The transaction is now marked ”Verified”.

Note: The Verified marker is underlined. By clicking the marker, you can view the transaction details you posted, or reverse an entry if you have made an error.



about the author:

Lorraine Cobcroft

With a background in accounting and financial management, followed by two decades writing software documentation, Lorraine joined the Mclowd team in mid-2016 and is enjoying working with a dynamic team to enhance an innovative product that has the potential to revolutionize the way Australians manage their retirement funding. Lorraine is also an accomplished business writer, ghost-writer, novelist and short-story writer and poet.

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