Banks
The Banks section lets you add your business bank accounts to ABSS, import bank statements for reconciliation, and track your cash position across all accounts in real time.
Add a bank account
Go to Banking → Banks → Add Bank Account. Fill in the following fields:
| Field | Description |
|---|---|
| Account Name | A label for this account in ABSS — e.g. 'HDFC Current – Operations' |
| Bank Name | Select from the dropdown list of supported Indian banks |
| Account Number | Your full bank account number |
| IFSC Code | 11-character IFSC code — validated against the RBI IFSC directory |
| Account Type | Current, Savings, Cash Credit, or Overdraft |
| Opening Balance | The bank balance as of your ABSS go-live date |
| Opening Balance Date | The date the opening balance applies to — usually your migration date |
| Linked Ledger | The CoA account this bank maps to — auto-created if you're adding a new bank |
ABSS automatically creates a linked ledger account in your Chart of Accounts when you add a new bank. The account is placed under Assets → Bank Accounts. You can rename it anytime from the Chart of Accounts.
Supported banks for statement import
ABSS recognises the native CSV/Excel statement format of 40+ Indian banks. These banks do not require column re-mapping:
Import a bank statement
Log in to your bank's net banking
Go to the Statements section. Most banks are under 'Accounts → Statement' or 'Download Statement'.
Select date range and download
Choose the period matching your ABSS financial year or the reconciliation period. Download as CSV format (Excel .xlsx also works for some banks).
Upload in ABSS
Go to Banking → Banks → select the bank → click 'Import Statement'. Drag and drop your downloaded file.
Map columns (first time only)
ABSS auto-detects the column format for major banks. If prompted, map the Date, Description, Debit, Credit, and Balance columns once — ABSS remembers this mapping.
Review and categorise
ABSS matches imported transactions to your existing invoices and bills automatically. Unmatched transactions go to the reconciliation queue for manual categorisation.
Bank reconciliation
After importing a statement, ABSS auto-matches imported transactions to your existing invoices and bills. The match logic looks at amount, date, and reference number.
Auto-matched
Amount and reference match an existing transaction. Marked as reconciled automatically.
Possible match
Amount matches but reference differs. ABSS suggests the match — one click to confirm.
Unmatched
No corresponding transaction found. Categorise it manually: select a ledger account and save.
Excluded
Transactions you want to skip (e.g., inter-bank transfers already recorded separately).
Do not delete a bank account with transactions
If you close a bank account, mark it as 'Inactive' in ABSS rather than deleting it. Deleting an account with historical transactions will cause gaps in your audit trail and affect your financial reports. Inactive accounts are hidden from transaction forms but their historical data is preserved.