Linking a Bank Connection to a Bank Account

Bank connections store the details of each bank account you have connected to using Plaid Link Closed Provides a secure authentication flow for each institution that Plaid supports. Link makes it secure and easy for you to connect your bank accounts to Plaid as it guides you through credential validation and multi-factor authentication (MFA).or Envestnet FastLink.

You must link each bank connection to a bank account in Accounting.

To link a bank connection to a bank account in Accounting:

  1. Click the Bank Account Connections tab.
  2. Click the bank account connection that you want to link to an Accounting bank account.
  3. On the Bank Account Connection detail page, edit the following fields in the Accounting Information section:
    • Bank Account: Select the Accounting bank account that you want to connect this bank connection to. In a multi-currency org, this bank account must have the same currency as the bank account connection.
    • [Optional] Statement Start Date: Enter the date from which you want to start importing statements.
    • [Optional] Opening Balance: Enter the opening balance for the first statement.

      • You must provide the Statement Start Date and Opening Balance if you have not yet imported the first statement for this bank account. After you have imported the first statement, these fields are populated automatically from the most-recent statement.

  4. Click Save.