How To Import Transactions
Transaction Importing Best Practices
Check for New Transactions to Import Regularly
To avoid a backlog of transactions to import, set a regular time each week to import your transactions. You’ll be sure to catch anything you hadn’t entered in a timely manner and keep your records current.
Choose Import Later for Items You Aren’t Sure About
With all the transactions that occur in your business account from finance charges, to automatic charge transactions, there may be a time when you just aren’t sure what the charge is for and you don’t want to import it into your WorkingPoint account. When this happens, just click the Don’t Import tab and choose to import the transaction later and we’ll bring it back up next time you go to import or you can choose to never import it and we’ll flag it so you don’t see it again. With WorkingPoint, you are in control of the data you bring into your accounting system.
What is Banking Integration?
When a computer software application is integrated with another software application, one system allows the other system to read and/or edit the data. There can be a mutual exchange of data or it can be just one way and there may be only certain data exchanged or all data available for reading/editing. While there can be many levels of integration, the two systems are connected and an exchange of data is taking place.
With WorkingPoint’s banking integration, WorkingPoint connects to your financial institution, that is your bank or credit card provider, on a one way connection that allows WorkingPoint to only read the information in your account. This read only connection enables WorkingPoint to view your current balances so we can display them in your WorkingPoint account and it allows WorkingPoint to read the transactions in your account so you can import the data into your WorkingPoint account. WorkingPoint cannot edit or manipulate any data in your financial institution accounts and any data in WorkingPoint cannot be sent to update your financial institution accounts.
Why Should I Connect My Bank and Credit Card Accounts to an Accounting System?
By creating a simple connection between your financial institution accounts and your bookkeeping accounts where you track your business activity in WorkingPoint, you gain real-time insight into your actual cash and credit card liabilities all from where you manage your business: WorkingPoint.
Viewing your bank and credit card balances in WorkingPoint saves you the time and hassle of logging into your financial institution to check your balances so you can see things like, whether or not you have enough cash in your account to cover the check you are about to write or how much you owe on a credit card so you can decide whether or not to order that next shipment using your credit card.
How Do I Integrate My Bank with WorkingPoint?
With WorkingPoint’s banking integration you can easily and securely connect your WorkingPoint bank and credit card accounts to over 4,800 financial institutions so you can view current financial institution account balances in WorkingPoint and import your bank and credit card transactions into your WorkingPoint account activity. Setup takes only a couple minutes and can be done by an administrator of your WorkingPoint account.
Once set up, you can view your account balances in WorkingPoint from the home page Dashboard, from the Accounts List and the individual accounts. You can update the balances to see the current balance of your account at anytime.
If you choose to import transactions, we’ll list all the transactions available to import and you can review each and decide how you would like to handle it: import it, match it up or don’t import it.
By importing a transaction, you are creating a new transaction in WorkingPoint. You can also choose not to import any transaction, with the option of importing it later or permanently excluding it from your WorkingPoint bookkeeping accounts.
If a transaction matches the amount of one you already have in WorkingPoint, we’ll give you the option to “match” the financial institution transaction with the one you have in WorkingPoint instead of import it, so you don’t end up with duplicates.