Setup & Configuration

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

  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.