How to Add a Bank Feed Connection in LedgerSync
Overview
Adding a bank feed connection in LedgerSync allows you to aggregate bank statements, transactions, and check images seamlessly. Follow the steps below to set up a bank connection based on your specific needs.
Steps to Add a Bank Feed Connection
Log into the LedgerSync Application
Use your credentials to sign in to your LedgerSync account.
Select the Client
In the left-hand panel, navigate to and select the client for whom you want to add the bank connection.
Click on 'Add Bank Connection'
This will open a menu with multiple connection options.
Choose a Connection Type
Select the appropriate option based on your needs:
Option 1: Mastercard API – Statements & Transactions
Use this option if you want to aggregate bank statements and transactions from a supported financial institution.
Option 2: Premium Bank Connections
Choose this if you need to aggregate check images or a bank connection that is not supported under Mastercard API: Statements & Transactions.
Option 3: Capital One Statements
This is a LedgerSync-created connection specifically for retrieving bank statements from Capital One.
Note: Capital One bank transactions will still be found under Option 1: Mastercard API – Statements & Transactions.
How to Add a Bank Feed Connection in LedgerSync
Security Review (If Selecting Option 1)
If selecting Option 1: Mastercard API – Statements & Transactions, review the security pop-up and then click Next.
If selecting Option 2: Premium Bank Connection, you can skip this step
Search for the Bank Connection
If selecting Option 1: Mastercard API – Statements & Transactions or Option 2: Premium Bank Connections, search for the bank you would like to connect.
Follow Login Credentials
Enter the required login credentials to connect the account successfully.
Important Notes:
Ensure the correct connection type is selected based on the data you need to retrieve.
Some banks may require additional authentication during the setup process.
If you experience issues connecting a bank, contact LedgerSync Support for assistance.
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