Even if you already have third-party bank access through QuickBooks Online, here are the key reasons accounting firms use LedgerSync to manage their client banking data.
When your team has third-party bank login access, those credentials don't disappear when someone leaves the firm. With LedgerSync, bank credentials are stored securely within the platform — your employees never see or handle them directly, eliminating a major security and liability risk.
When a client changes their bank password, the connection breaks and someone has to track them down. LedgerSync solves this by letting you mass-text all affected clients to fix their connections directly from their phone — no phone calls, no back-and-forth.
Banks including Bank of America and TD are actively removing third-party access. As this trend continues, firms relying on accountant login credentials will lose connections with no recourse. LedgerSync uses bank-approved API connections that are built to last.
LedgerSync is one of the only platforms focused on check and deposit image retrieval. We support 100+ banks for check fetching — something QuickBooks Online cannot match.
If a client only has scanned PDF bank statements, LedgerSync can convert them to Excel, CSV, QBO, or OFX format directly. QuickBooks Online does not offer this.
The LedgerSync Rules Engine is a firm-level automation layer that sits on top of QBO. Set a rule once — for example, categorizing all Starbucks transactions as Meals & Entertainment — and it applies across every client automatically, including new clients added in the future. The engine supports both Global Rules (firm-wide) and Client Rules (client-specific), can handle splits, and uses AI to suggest and bulk-categorize transactions. The result: 80%+ of transactions auto-categorized by month-end, with only outliers left for manual review.
LedgerSync now uses AI to automatically generate Global Rules from your transaction history — eliminating the need to set rules up manually from scratch. The Bulk AI Categorization feature lets you categorize all uncategorized transactions in one click.
LedgerSync's Bank Reconciliation Tool pulls transactions from two independent data providers (Mastercard and MX) and cross-checks them, giving you high confidence in your closing balances — even for banks that don't provide statements directly.
Contact us at support@ledgersync.com.