One of the first steps in setting up a FINSYNC profile for your business is to add in your first bank account. Within your FINSYNC profile, there are helpful cues that are designed to walk you through the process of adding in your first bank account. This article steps through the process of adding the first account.
Note: The first bank account to be added to FINSYNC will be automatically selected as the FINSYNC Funding Account. The Funding Account is the account designated to pay for the monthly FINSYNC subscription and any accrued transactional charges. Click HERE to learn more about all FINSYNC related fees.
If you have a subscription that includes FINSYNC's Accounting or Complete Solution
Follow the steps below to add the first bank account in FINSYNC:
1. Within the FINSYNC Business Platform, click Banking from the top menu.
2. On the Banking screen, select the link Add Bank Account on the top left.
3. The Add New Account window will appear with the sync option pre-selected. Select Continue to Sync your bank account.
4. Select a starting date from which to import past transactions. The sync will typically pull in transactions 90 days prior to your sync date depending on your financial institution.
Note: In most cases, you will want to set the date to the first day of the year, as shown in the below example.
NOTE: There is an import tool available for you to upload any additional transactions that don't sync in. You can view a tutorial on how to import your bank transactions by clicking HERE.
5. Next, enter your mobile number to receive a confirmation code.
Typically the system will suggest a bank you may be associated with. Otherwise, you can search for your bank using the search bar. Select your bank name and proceed with the steps to sync your account.
- Steps may vary, depending on the financial institution.
- You will be prompted to enter your user ID and password to log into your financial institution to sync your bank account with FINSYNC.
- In some cases, your company ID may be required.
6. Once your bank is selected, you will proceed with logging into your financial institution.
Tip: It typically takes 5-10 minutes for your transactions to sync into your FINSYNC dashboard.
Congratulations! You have added and synced your first bank account and can proceed with any accounting, payment or payroll activities.
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