Blog Post
"Bank Feeds" and Get Statement could be a lot better!
The "Bank Feeds" feature should be incorporated into the "Get Statment" feature to future-proof MYOB. I am not taking up the "Bank Feed" feature, as I know some banks simply don't do it or in future won't support this feature, in which case its back to "Get Statement" again. There is also a longer process involved in organising a new "Bank Feed" request per bank!
Banks however, will always allow exporting of data to formats such as csv and qif. Why not allow us to import the raw bank statement data via the "Get Statement" method and treat it like "Bank Feed"s?
On another note, when using "Get Statement", why not allow us to view only the records within a specified date range? There are many instances when a QIF file has been exported with the date range beyond (earlier than) what we need. There are also many times when users have entered many transactions using the "Get Statement" feature, but have to log off and continue at a later time (reasons for this: laptop battery is low, seeing clients, doing another task including going to sleep)!
MYOB should also take a copy of the the QIF file when the "Get Statement" feature is imported, then remove the transaction lines on this QIF copy (when we allocate transactions by "Add transaction" or "Match transaction" . . . and make the other remaining transactions available for viewing and adding later!