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      How to Sync Covercy Bank Transactions with Your Accounting System?

      Automatically Sync Covercy Bank Transactions with Your Accounting System for Reconciliation.

      Covercy integrates with many accounting systems through third-party data aggregators like Plaid and Yodlee, which most platforms use to retrieve financial data. While the exact steps may vary depending on your accounting software, most systems follow a similar process for setting up bank sync for reconciliation.

      For step-by-step instructions for specific systems, refer to:

      If your accounting system is not listed, follow the general instructions below.

      Follow these steps below to get started:

      1. Log into your accounting system.
      2. Access the Bank Feed option:
        1. Navigate to the Banking or Bank Transactions section.
        2. Look for a Bank Feed, Connect a Bank Account, or similar option.
        3. Select Link a New Account or a similar option.
      3. Select 'Covercy' as Your Financial Institution:
        1. If your accounting system provides a list of supported banks, check if 'Covercy' is available.
        2. If Covercy is not listed, check if the system allows connections through Plaid or Yodlee - as Covercy should be accessible through these third-party connectors.
      4. 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.
      5. Select Accounts and Configure Sync Settings:
        1. Choose the bank account(s) you want to sync.
        2. For each bank account, select the matching Account Type from your Chart of Accounts.
        3. If you haven't yet set up the account in your Chart of Accounts, you may be able to select the Account Type you want your system to create for you.
      6. Complete the Connection:
        Once the connection is established, all transactions from your Covercy bank account or credit card will be automatically displayed in your accounting system for reconciliation.

      Need More Help?

      For specific instructions on your accounting system, refer to its documentation or contact their support team.