During bank statement transaction processing, AccountsPortal checks for existing rules which match the Payee (payee/payer) field in the bank statement line. If a rule is found, it can be used to quickstart the bank transaction by selecting the appropriate Transaction Type and where applicable the Customer/Supplier, Account and VAT code. The purpose of this functionality it to increase efficiency and consistency of how bank transactions are created from bank statement lines.
If activated in your organisation's settings, Import Rules will be created automatically when a bank statement line is processed. The rule is based on a search term that is derived from the Payee field in the bank statement line and is only created once.
Navigate to the Banking tab, click on Bank Statement Import and then Manage Import Rules.
Click on an existing rule to edit the settings. All fields can be changed including the Transaction Type.
It is not necessary to differentiate at a rule level between payments and receipts as this determined whilst processing a bank statement line based on the sign of the Amount field.
You can delete an import rule at any time by clicking on the Delete link next to the import rule.