[Maybank] How to retrieve latest Maybank Bank Feeds and perform Account Reconciliation.

Welcome to this tutorial on integrating your Maybank account with Financio. We'll guide you through the steps to map accounts, request bank feeds, match transactions, and reconcile your balance seamlessly.

Step 1 : Account Mapping
Once you've successfully linked your Maybank account, you'll see new options in the settings of your Maybank integrated apps. From here, you can easily link your Maybank account to your Financio account.

Navigate to: Control Panel → Integrated Apps → Maybank → Setting

Setting options only appear when the user status is Connected.

Validation
Every Maybank account must be linked to a corresponding Financio account. For example, if a user links two accounts in Maybank, they must also link two separate accounts in Financio. Additionally, each account must be linked based on its respective currency; the currency of the Maybank account must match the currency of the Financio account.

Choose which Financio Account to link from the last 4 digits of Maybank bank account number as shown below:

Select the available Financio account to link with Maybank account. Left side is Maybank account. Right side is Financio account.

Once linked, a success toast message will appear: 'Maybank accounts linked.'

Navigate to: Control Panel → Accounting → Balance Sheet Accounts to check your account mapping is linked

Before Account Mapping:

After Account Mapping:  you see the bold highlight

Navigate to: Control Panel → Accounting → Reconciliation to check your account mapping in Bank Reconciliation

Before Account Mapping

After Account Mapping

Step 2 : Bank Feed Request
When requesting bank feeds, keep in mind that transaction history is limited to the last 90 days per request.

Navigate to: Control Panel → Accounting → Bank Reconciliation 



As you can see, the bank reconciliation is already successfully mapped. Click on Reconcile.

Next click the Request Bank Feed button as follows:

Next, select the Date Range by choosing both the From Date and To Date options.
Ensure that the Closing Date is selected as shown below:

Step 3 : Transaction Matching

Condition 1
Financio automatically matches transactions when the date, reference number, and amount all match. This is a perfect match. It will Show Unmatched (0)

Condition 2
If the reference number and amount match but the dates don't, it's a good match. These transactions are sorted by date to make reviewing easy.

Condition 3
When only the amount matches, you can manually link the bank transaction to the corresponding Financio transaction.
There are Match found (3) on the screen shown above for the affected row to be matched. You may manually link that bank transaction to correspond in your Financio system.

Step 4 : Reconcile (continued from the above steps)

Assume that the perfect match condition is met, as demonstrated below:

The red highlight box shows the amounts from both the bank transaction and the Financio transaction, respectively. Scroll down and click Reconcile.
A success toast message is displayed: 'Account successfully reconciled'.


And that's it! Financio makes transaction matching straightforward. For more tips, explore our support center.