February 25, 2022 - Bank Account Link and Sync

FEATURES

Bank Account Linked

• We’ve enhanced the reconciliation process by enabling users to link their Open Banking connected Bank Accounts in Nook with the equivalent Bank Accounts in their accounting software

• This feature means Nook updates the status of a Bill to Paid and posts the correct transaction from the Bank Account in the accounting software following payment

• This is supported for single and bulk payments

  

  Full Bill and Invoice Lifecycle

  • In conjunction with the Bank Account linking, we’ve rolled out full trade lifecycle support for Bills and Invoices so every status is accurately reflected between Nook and your Accounting Software

    Nook Status	Xero Status
    Drafts	Drafts
    Awaiting Approval	Awaiting Approval
    Approved	Awaiting Payment
    Paid	Paid

  • This feature means Nook supports syncing of Draft Bills/Invoices from your accounting software into Nook

  • Watch a quick example of a Bill moving through the full trade lifecycle

  https://www.loom.com/share/a16109e647b0476697d92ff4ea16ecc9

  Supplier/Contact Bank Account and Currency Sync

  • Nook now supports pulling and pushing bank account data for your Contacts in multiple account and sort code formats
  • If you’ve already set up your suppliers with payment details Nook will now pull these into our system to

  https://www.loom.com/share/0a7faff988b64c67a6835d1ba68fd525

IMPROVEMENTS

• Prompt user to connect accounting when creating a bill in the account code drop down
• Handling Open Banking institutions APIs being down
• Introduced Open Banking handling of errors caused bank-side eg. insufficient funds or payment limits reached
• Improved handling of deep links into accounting software
• Support for partial payments
• Support for negative unit amounts and messaging to prevent negative totals
• Improved inviting users to your company who are already using Nook
• Support Xero sign-up in addition to existing sign-in