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Accounting Integrations

Accounting Integrations FAQ

Edited

  1. What are the differences between "Sync as Bank Statement" and "Sync as Reconciled"? Which sync option is better for me?

    This depends on your company’s accounting practice. If you use accrual accounting and prefer to manage the reconciliation process in the accounting software, the ‘sync as a bank statement’ option will be better for you. However, if you would like to simplify the reconciliation process, the ‘sync as reconciled’ option in Reap is better. Having matched all the spending categories in the Reap dashboard before syncing to accounting software will save you the time and effort to re-do the reconciliation.

  2. How often does sync occur?

    To suit your varying accounting needs, you can choose different syncing methods for specific Reap transactions. All transaction data in Reap will not be synced to accounting software without your review and approval.

  3. Can I use different methods to sync my transactions to my accounting software?

    Yes, you can.

  4. What is the best way to sync the data?

    We suggest setting up ‘Groups’ on the Reap dashboard according to the spending tracking categories before the sync.