How to Add and Map New Account in the Financial Connection Center of Docyt

Efficiently Managing and Streamlining Your Business's Financial Connections with Docyt

The Financial Connection Center in Docyt gives users an overview of all the financial institutions connected to their businesses within the platform. Here, users can link their existing or new bank accounts. Any bank account added and assigned to a Management Group in the Financial Connection Center enables Docyt to download banking transactions, among other features.

Table of Contents

• Add a new financial connection
• Map the account
  
  

Add A New Financial Connection during Onboarding

1. Docyt will email and request the client so they can set up their financial accounts in Docyt.

2. This will direct the client to a new page to set up the Financial Institution. Click the “Connect Financial Institution button,” redirecting the client to a new page.

3. Here, the client will select the Institution, and this will ask them to log in to the Financial Institution.

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4. After logging in to the selected financial Institution, the client will choose the financial account to which he wants Docyt to connect.

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5. The financial institution will then be connected to Docyt and visible in Docyt's financial connections. Click on “Save” to save the details. A success banner will show up; now, the financial institutions are set up in Docyt.

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Add A New Financial Connection through Docyt App

1. Begin by logging into your Docyt account.

2. Look for the gear icon in the top-right corner and click "Financial Connections".

   

3. Select "Connect" to add a new financial institution.
   

4. Pick "Connect to a New Financial Institution" from the choices.
   

5. You'll be directed to select a "Management Group". You'll see one management group if you are linked to a single Docyt account. A list of Management Groups will be displayed if you're associated with multiple Docyt accounts. Choose the appropriate group and click "Continue".
   

6. Docyt integrates with Plaid to establish a secure, continuous connection between your bank and Docyt. Click on the black "Continue" button when the Plaid window pops up.
   

7. You can type in your bank's name in the pop-up window and follow the onscreen prompts to validate your financial accounts securely.
   

   1. Repeat steps 3 through 6 until all of your financial accounts are connected.
8. Close the financial connections window by clicking "X" in the top-right corner.

Now, it's time to map the Financial Institution Connections in Docyt:

Map the Financial Institution Connections in Docyt.

1. Navigate to the accounting dashboard and click on your business's name.
2. Pick "Banking & Reconciliation" from the top menu. Then, choose "Banking Accounts" and "Accounts".
3. Click on the "Plus" icon.
   
4. Choose either "Securely add Bank Account" or "Securely add Credit Card Account", depending on the account type you're mapping.
5. To add a new account, input the account name and the last four digits.
   
    
6. Press "Edit" to create a new "Chart of Account" for your financial institution.
7. If the chart of accounts already exists, pick the account from the "Select Account" screen. If not, choose "Link As New Account" to include a new chart of accounts.
    
8. Click "Done" when finished.
9. Select the "Choose an account" hyperlink under the Mapped Financial Institution Account section.
   
   
10. Click on the account to select it.
    
11. Ensure the "Account Name" corresponds with the "Mapped Financial Institution Account". This confirms that the account has been successfully mapped to your Docyt Account.