Integrating Your Bank accounts with Digits optimizes your financial processes by facilitating smooth data exchange and effective transaction management. This document will walk you through the key steps to establish and sustain this connection.
What is a Connection?
A connection is a secure link that bridges your financial accounts with the Digits platform. By connecting your banks and credit cards to Digits, you enable the platform to access transaction data directly from these accounts. This integration is crucial for efficient bookkeeping and accounting, as it allows Digits to automatically fetch and organize your financial data. With a connection in place, you gain a comprehensive and up-to-date view of your financial activities, streamlining your financial management and ensuring accuracy in your accounting processes.
How to Connect Your Bank Accounts
Integrating Your Bank Accounts with Digits enhances your financial management capabilities by streamlining data access. Follow these steps to establish the connection:
- From your home dashboard, click on Connections in the left toolbar.
- You'll see two sections:
- My Connections: Displays all accounts you've already linked.
- All Connections: Lists accounts you haven't linked yet.
- Next to the Bank icon, click the Connect button.
- After clicking connect, search for your respective bank and log in using your credentials.
- Choose the specific account(s) you want to add to Digits
Important Note while connecting your Bank Accounts:
During the account selection step, ensure you keep all accounts that should be shared with Digits checked. If you're connecting a second account and revisit the list, do not uncheck the first account, thinking it's already connected. Doing so will disconnect it. The checkboxes update the list of accounts shared with Digits; keep all desired accounts checked to maintain continuous data import.
What Happens When I Connect My Bank Account to Digits?
After connecting your bank account to Digits, the platform will begin importing up to 2 years of your transaction history. Once these connections are complete, data transfer will commence, and we will start analyzing your financial data. The time required for this process depends on the type and size of the data being transferred, so we cannot provide a specific timeline for its completion. Rest assured, you will receive a notification once the data transfer and analysis are finished, ensuring all your transactions are viewable and ready for effective management in Digits.
What Data Will Sync to Digits?
With bank connections and manual uploads, Digits ingests essential transaction data to streamline your financial management. The data includes:
- Date: The date of each transaction.
- Amount: The monetary value involved in the transaction.
- Description: A textual description, which may include details such as the party involved, depending on how your bank sets up this information.
General Troubleshooting
Understanding Discrepancies Between Digits and Your Bank Data
If you notice discrepancies in your data, it might be due to details not syncing correctly between your bank and Digits. To resolve this issue, we recommend following the steps to reconnect your bank account. Re-establishing the connection can help ensure that all information is up-to-date and accurately reflected in your financial records.
If you require additional support or have any questions, please don't hesitate to reach out to us through our contact form. Our team is here to assist you with any concerns or further guidance you may need.