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      Link your bank account to use Wiise bank feeds

      Overview:  

      • Find out how you can link your bank accounts to use Wiise bank feeds. 

      Why link your bank accounts to use Wiise bank feeds? 

      Bank feeds allow you to easily receive your banking transactions from your financial institutions into Wiise.  

      How to link your bank accounts to use Wiise bank feeds? 

      1. Select Linked Bank Accounts from the menu on your Wiise landing page. Or you can search for Linked Bank Accounts from the top right-hand corner of the page. The linked bank accounts page displays. 

        linked bank accounts display

        Note: The bank feeds that are linked to a bank account in Wiise will display a bank account code in the Wiise Bank Account column. 
      2. Select Edit List to update the fields. 
        1. Select the row you want to link the bank account.
        2. Then, select the field Wiise Bank Account and use the drop-down to select the bank account code. 

          Note: If the bank account does not exist, set up a new bank account before you can link the bank feed.

          linked bank account add to wiise bank account column
        3. Select the drop-down menu in Reconciliation Type. Here are the options: 
          1. Bank Reconciliation: when you select this option, imported transactions are linked with a Bank Account Reconciliation. This is the default option. 
          2. Payment Reconciliation: when you select this option, imported transactions are linked with Payment Reconciliation Journals.  
        4. Select the drop-down menu in Reconciliation Frequency. Here are the options:  
          1. Automatic Daily: imported transactions are added to a new reconciliation for processing each day.  

            Note: You may end up with multiple outstanding reconciliations if you don't process imported transactions daily. 

          2. Automatic Single Reconciliation: imported transactions are added to an existing open reconciliation. If none exists, a new one is created.
          3. Manual Import: no reconciliations will be created automatically, and transactions will not be linked

            Note: If your reconciliation frequency is set to manual, you can import bank transactions by selecting Import Wiise Bank Feeds on the Linked Bank Accounts page.  

            Note: If you want to see a history of all imported linked bank transactions, select Transactions on the Linked Bank Accounts page.   
      3. You’ve now linked your bank account to your Wiise bank feeds. You can review them in the Wiise Bank Feeds panel on the Wiise landing page.  

        Refresh bank feeds

      Note: You can see the status of your bank account feed informing you of how many statements there are to reconcile. If you select the Reconcile X statements hyperlink, you’ll be taken to the bank account reconciliation page or payment reconciliation page to reconcile your bank transactions.  

       

      What’s next? 

      You can now reconcile statements using the bank account reconciliation or payment reconciliation methods based on the reconciliation frequency you’ve set up on your linked bank account. 

       

      Need more help?    

      No problem, that's what we're here for. Reach out to support@wiise.com anytime you can't find what you're looking for.