Statement Dates
Txs Verify: compare statement transactions with fetched bank transactions
Txs Verify lets you compare one account's transactions from two sources, side by side, for a date range you choose. One side shows the transactions read from the account's bank statements. The other side shows the transactions fetched from the bank ...
Next Expected Statement Date — What It Means & How Confidence Tiers Work
Overview LedgerSync displays a Next Expected Statement Date badge on connected bank accounts where enough statement history is available to make a reliable prediction. This helps you know when to expect the next monthly statement and whether a delay ...
Statement & Transaction Reconciliation: How LedgerSync Validates Your Bank Data
Overview Each time LedgerSync reads a bank statement for your client, it automatically checks that the statement adds up: the beginning balance and the transactions read from the statement should come to the ending balance printed on the statement. ...
LedgerSync Bank Reconciliation Tool
Overview The LedgerSync Bank Reconciliation tool is designed for situations where LedgerSync cannot access a bank statement directly. Rather than leaving you without a closing balance, the tool uses bank transactions to calculate a running balance — ...
LedgerSync Verified Running Balance Report
The Verified Running Balance report lists every transaction for one bank or card account with a running balance after each one. When the account is connected through both Mastercard and MX, it also compares the two networks' transactions and gives ...
Which Banks Are Supported for Statement Data Aggregation?
Overview LedgerSync uses a hybrid approach to bank statement aggregation, drawing from two industry-leading data providers, Mastercard and MX, to maximize bank coverage for your clients. Because no single provider supports every financial institution ...
Statement Dates Are Not Correct
Why Are My Statement Dates Incorrect? Banks do not provide LedgerSync with the statement date directly. Instead, LedgerSync uses OCR (Optical Character Recognition) technology to extract the date from the bank statement document. OCR is accurate ...
Understanding and Managing Statement Dates in LedgerSync
LedgerSync reads the date of each bank statement automatically from the statement PDF. The date it looks for is the statement's ending (closing) date. Occasionally the wrong date is picked up, and you can correct any statement date yourself on the ...
Chase Statements — Secondary Account Transactions Appearing on Primary Statement
If a Chase statement in LedgerSync shows transactions for more than one account, this is expected and not an error. Chase sometimes issues one combined statement that covers several accounts on the same Chase login, with a separate section for each ...
Projected Next Statement Date
What Is the Projected Next Statement Date? The Projected Next Statement Date is LedgerSync's estimate of when the next bank statement for an account will be available. It appears as a colored date badge next to each account on your dashboard and in ...
Line of Credit and Loan Statements: Why They May Be Unavailable and How to Work Around It
LedgerSync does not receive Chase statements for Lines of Credit (LOC), loans, mortgages or CDs. These accounts still appear in LedgerSync with their balances, and lines of credit, loans and mortgages usually also bring in their transactions. What is ...
How to Check if Your Bank is Supported in LedgerSync
The quickest way to check a bank is the LedgerSync Supported Banks list. Search for the bank by name and look at its green and red labels to see what LedgerSync can collect from it. LedgerSync supports thousands of banks and financial institutions. ...
What Bank Connection to Choose: Mastercard API, LedgerSync Premium, MX, or Mercury
Purpose LedgerSync offers several bank connection types so you can get the data your clients need: bank statements, transactions and check images. In most cases you do not have to choose one. When you add a bank, LedgerSync picks the connection for ...
Chase Statements- Why Need Account Owner Access
Chase may not provide statements through Third Party Access. If statements don't arrive, connect with the account owner's login. If your client uses Chase and gave you a read-only accountant login, your client can turn on Third Party Access for that ...
Mercury Bank- How to connect to Ledgersync
To connect a client's Mercury account, create a read-only API token in Mercury, then add a Mercury connection in LedgerSync and paste the token's Secret Key when LedgerSync asks for it. How to connect Mercury Bank to LedgerSync Step 1 Once your ...
How to connect Ramp to Ledgersync
In order to connect Ramp's API to Ledgersync please follow the steps below. You need to have admin access to Ramp. Procedure: 1. Log into org Ramp account 2. Under Settings in the main menu, select Developer API 3. Select Start building 4. App Name: ...
Wells Fargo Not Showing Bank Statement
Sometimes you may get an error that Wells Fargo is missing a bank statement even though it is connected and there are no bank connection breakages. Why is this so? When your client adds Wells Fargo to Ledgersync there is an option to "Add Bank ...
Best Practices To Fetch Capital One Bank Statements.
Capital One does not provide bank statements through the MasterCard connection. LedgerSync handles Capital One in two ways: the MasterCard connection and the Running Balance report for soft closes, and the Capital One (Statements) connection in ...
What is the Running Balance Report
The Running Balance report lists the posted transactions of a connected bank or card account and shows the account balance after each one, much like the transaction page on your bank's website. Use it to find an ending balance for a date when no bank ...
US Bank Statements Not Downloading To LedgerSync. Why?
If a US Bank statement is on the bank's website but is not downloading to LedgerSync, check whether the account owner gave permission to share statements for that account. The account owner needs to give this permission for the statement download. ...
When should I connect to Chase through Mastercard and when should I connect through Ledgersync's Premium Bank Connections?
You do not need a Premium Bank Connections connection to get Chase statements. Chase transactions and statements come in through a MasterCard or MX connection. Add a Premium Bank Connections connection only if you also want Chase check images. What ...
Third Party Access Chase Bank
If your client banks with Chase, your client can give you your own read-only (accountant) Chase login and turn on Third Party Access for it. You can then connect your client's Chase accounts to LedgerSync through MasterCard with your own login. About ...
Why wont my Capital One Bank Statements automatically sync?
The Problem with Capital One: Since the inception of BANK FEEDS, Capital One has always been extremely difficult to work with. Most financial institutions understand the need for accountants to be able to fetch data for their clients and offer API ...