There are three methods for adding transactions to Solo; connecting your bank account, importing a transaction file from your bank, or manually entering transactions individually.
Bank feeds
Bank feeds are convenient as they automatically fetch your transactions and import them into Solo for you. Add your online bank accounts to Solo with a bank feed to automate the importing of your transactions.
How to connect a bank feed:
Select Bank Feeds in the main menu in Solo.
Click the OK, let's go button to begin.
Choose your bank by selecting it from the list. If you don't see your bank, search for it using the search box.
Login to your bank using your online banking details.
Wait until all your linked accounts are displayed then click Next.
Select the accounts you would like to sync with Solo and click Connect accounts. It’s best to connect only the accounts that you use to receive income or to make business purchases from.
Your transactions will now begin to appear in Solo. It may take up to 20 minutes for all your transactions to appear in Solo.
For most banks Solo will import all your transactions from the start of the financial year (1 April). However some banks set a limit on how far back Solo can retrieve transactions. If all your transactions do not appear from the beginning of the financial year you may need to export the transactions from your online banking and import them into Solo.
Importing a transaction file
Transaction files are a quick way to manually import many transactions into Solo from your bank at once. To upload a transaction file into Solo simply select Upload File from the main menu.
Before you can upload your transactions into Solo you will need to export them from your online bank account.
The process of exporting transactions is similar across all the major banks in New Zealand. Below are some generic instructions to help you get started. For step-by-step instructions for each of the major New Zealand banks view our Exporting transactions from your bank article.
It’s best to export all the transactions from any accounts that you use to receive income or to make business purchases from. Export your transactions since the beginning of the financial year (1 April) in either an OFX or QIF file type. It doesn’t matter which date format you select when exporting the file as Solo accepts all date formats.
How to get OFX or QIF files from your bank:
Log into your online banking
Select the account you want to download transactions for
Find a “view statements” or “view transaction history” or similar tab and click on it
Insert the date range, usually from 1 April to today
Make sure you select the OFX or QIF option as the “Output” or “Format”
Click “Export”, “Save” or “Download” and the file will be saved to wherever your computer usually saves files
Now login to Solo and go to the Upload File page to upload your file
Your transactions will appear in the Income and Expenses pages ready for you to categorise.
Manually add transactions
You can manually enter income or expense transactions directly into Solo. This can be a very useful if you get paid in cash or make cash purchases.
How to manually add a transaction:
Click on the '+' icon above the search box in either the Income or Expenses page of Solo.
Enter the date, description and amount of the transaction.
Select the relevant category for the transaction.
Click Save.
