How do I connect an account to a bank feed?

Connect a cash account to a bank feed on the Banking cloud tab of the account record.

BEFORE YOU START

The success of a bank connection depends on the following criteria:

• The type of bank account you are trying to connect.
  For example, some banks offer connections for commercial accounts and not retail accounts.

• The security methods the bank has in place.
• The region where the bank is located.
  In the European Union, United Kingdom, and Australia open banking is available and it's easier to make a connection.

• If your bank supports bank feeds and has a connection available.
  Contact your bank to determine if you can access a bank feed connection.

• Some standard bank connectionsare limited to no more than 20 accounts per bank login.

Your experience depends upon many factors and we cannot guarantee that each bank connection will succeed.

Learn more about connecting to a bank feed.

PREREQUISITES

Depending on the type of connection available, you might need to take some additional first steps before you are able to connect. We offer help on:

• Creating a FISPAN accountfor FISPAN bank feed connections.
• Connecting to Bank of America CashPro APIfor Bank of America CashPro connections.

CONNECT AN ACCOUNT TO A BANK FEED

Permissions and other requirements

1. Go to Cash Management > Setup > Accounts, and select Checking, Savings, or Credit card.
2. Edit the account.
3. Go to the Banking cloudtab and select Connect.
   Why can't I see this tab?
4. On the Connect your bankpage, select the Country where your bank is located.
   Bank feeds are supported by most banks in the following countries
5. In the search bar, search for your bank.
   About selecting the correct connection
   If you don't see your bank connection listed in the portal
6. Select the bank and select Agree and Connect Bank.
7. Enter login credentials, typically your user name and password.
8. After you log in, select the appropriate account.
   Make sure to select the correct account, especially if you have multiple accounts at a bank. It can be time-consuming to disconnect and then reconnect to the correct account.
9. Choose the Start date from which you'd like to download bank transactions.
   Avoid downloading transactions that you already reconciled in Sage Intacct and check the date of the last reconciliation for the account. It's recommended to download transactions within the last 30 days. You can only choose your start date one time, so make sure it's correct. Tips for selecting a start date
10. Select All done.
    You return to the Banking cloud tab.
11. Verify that the account is correct, then select Confirm.
    To select a different account, select Cancel and go through the setup process again.

NEXT STEPS

It can take up to 3 business days for bank transactions to arrive in Sage Intacct after you first connect your account.

When bank transactions arrive into the system, if your account has a rule set, they automatically match against existing Sage Intacct transactions for reconciliation.

If you have other accounts to connect at the same bank and they share the same login credentials, map accounts to a financial institution to more easily manage login information.