LedgerSync for Accounting CS: End User Guide

LedgerSync for Accounting CS: End User Guide

LedgerSync for Accounting CS: End User Guide

What Does LedgerSync Do?

LedgerSync automatically retrieves bank transactions from your clients' financial institutions and imports them directly into your Accounting CS software. Instead of manually downloading statements from dozens or hundreds of bank websites each month, LedgerSync handles this entire process for you—connecting to over 10,000 banks and credit unions and placing transactions exactly where you need them in Accounting CS.

How Does It Work?

The LedgerSync Accounting CS app connects to the transactions fetched by LedgerSync and imports them directly into Accounting CS. The process works in two ways:

Primary Method: Automatic Transaction Import

  1. Setup: You provide LedgerSync with your clients' bank login credentials (securely stored and encrypted)
  2. Automatic Fetching: LedgerSync connects to each bank and retrieves transaction data
  3. Direct Import: The LedgerSync ACS app connects to these fetched transactions and imports them directly into your Accounting CS system
  4. Ready to Reconcile: Transactions appear in the correct client accounts in Accounting CS, ready for reconciliation

Backup Method: PDF Statement Upload

If transactions are not available from a particular bank or institution, LedgerSync provides a backup solution:

  1. Upload PDFs: You can upload PDF bank statements directly to the LedgerSync ACS app
  2. Automatic Extraction: The software extracts the transactions from the PDF using advanced OCR technology
  3. Import to ACS: The extracted transactions are then fed into Accounting CS just like the automatic method

This ensures you always have a way to get transaction data into Accounting CS, regardless of whether the bank supports automated connections.

Practical Use Cases

Monthly Close Process

Imagine you have 150 clients, each with an average of 3 bank accounts. That's 450 accounts to process every month. Without LedgerSync, this could take your team 20-30 hours of logging into bank websites, downloading files, and manually entering or importing data. With LedgerSync, transactions flow automatically into Accounting CS, and your team can immediately begin reconciliation work.

Tax Season Efficiency

During busy season, your staff can immediately begin reconciling accounts instead of spending the first days of each month chasing down statements. This is especially valuable for clients with multiple entities or numerous accounts where data collection becomes a significant bottleneck.

Client Onboarding

When taking on new clients, you can quickly backfill historical transactions (up to 24 months) without requesting statements from the client or spending hours on bank websites. This dramatically speeds up the onboarding process and helps you start providing value immediately.

Challenging Banks

For banks that don't support automated connections, the PDF upload feature ensures you can still leverage LedgerSync's transaction extraction technology. Simply upload the PDF, and LedgerSync handles the rest—extracting transactions and feeding them into Accounting CS automatically.

Key Benefits

  • 10,000+ Bank Connections: Access to virtually any bank or credit union your clients use
  • Automatic Transaction Import: Direct integration with Accounting CS eliminates manual data entry
  • PDF Backup Option: Never get stuck—upload PDFs when automated connections aren't available
  • Time Savings: Reduce statement collection from hours to minutes each month
  • Error Reduction: Eliminate manual data entry errors with automated transaction import
  • Historical Data: Quick access to up to 24 months of transaction history

Getting Started

Contact your LedgerSync representative to set up the Accounting CS integration. The setup process typically takes 30-60 minutes and includes:

  • Installing the LedgerSync ACS app
  • Connecting your Accounting CS system
  • Adding your clients' bank credentials to LedgerSync
  • Testing the transaction import workflow
  • Training on the PDF backup upload feature

Once configured, LedgerSync runs automatically in the background, delivering transactions to Accounting CS so your team can focus on actual accounting work instead of data collection.

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