How do I sync Covercy bank transactions with QuickBooks?

Automatically Sync Covercy Bank Transactions with QuickBooks for Reconciliation.

Automatically sync your Covercy bank transactions with QuickBooks Online to streamline reconciliation and eliminate manual data entry. No more tedious, line-by-line comparisons. By securely connecting your Covercy account, your real-world bank transactions will flow directly into QuickBooks. This ensures your financial records stay accurate, up to date, and easy to reconcile.

Once synced, Covercy bank transactions will automatically appear in QuickBooks, where you can quickly match them to existing records or create new transactions as needed. With just a few clicks, you'll reduce the risk of discrepancies, improve efficiency, and gain confidence in your financial data.

Follow these steps below to get started:

1. Log into QuickBooks.
2. In the left menu, navigate to Transactions, and select Bank Transactions.
3. Link a New Account:
   1. If this is your first time connecting an account, select Connect Account.
   2. Otherwise, select Link Account.
4. In the Search field, type 'Covercy' and select it from the results.
5. Authenticate Your Account:
   1. Enter your phone number associated with the account officer/owner.
   2. You will receive a one-time password via SMS.
   3. Complete the authentication process.
6. Select Account(s) and Date Range:
   1. Choose the bank account(s) you want to sync.
   2. For each Bank Account, choose the matching Account Type from your Chart of Accounts in QuickBooks.
   3. If you haven't yet set up the account on your chart of accounts, you can select the Account Type you want QuickBooks to create for you.
   4. Use the date range dropdown menu (▼) to choose how far back you want to retrieve transactions.
7. Click Connect to complete the process.

What Happens Next?

After establishing the connection, all cleared transactions from your Covercy bank account within the specified date range will be displayed in QuickBooks. As new transactions clear your bank, they will automatically appear for your review and reconciliation.