Bank Feeds
Setting up a Bank Feeds workflow with Rutter
Introduction
Bank reconciliation is a critical accounting procedure that involves matching bank and credit card transactions with accounting records. This process ensures accuracy in financial records.
Bank feeds automate the import of bank data into accounting systems, eliminating the need for manual downloads and uploads of transactions from the bank or credit card platforms.
Bank Feed APIs for accounting platforms like QuickBooks, NetSuite, and Sage Intacct are restricted to certified financial institutions with established partnerships. Rutter, a certified partner of Intuit and Sage, simplifies this process.
With Rutter’s Bank Feeds API, corporate card providers, expense management providers, payments services, and neobanks can integrate with a single API to enable bank feed connections for their end users across multiple accounting platforms.
Workflow Overview
Rutter’s Bank Feed APIs enable you to automate these steps:
Step 1. Connect to a business entity’s accounting system using Rutter Link.
Step 2. Set up a Bank Feed for the business to connect an account with a corresponding bank account.
Step 3. Continuously sync transaction data into the accounting instance to enable reconciliation.
See our specific platform guides for more information on integrating with Bank Feeds.
