You're ready to run your bank reconciliation and have chosen to import bank transactions. Follow this guide to add them to your platform quickly!
Having trouble importing your transactions? Check out this article.
This article covers the following topics:
- Why import your transactions?
- Importing transactions via Linxo
- Importing transactions via file
- Deleting imported bank transactions
Why import your transactions?
Importing your transactions lets you compare book entries against bank transactions directly from your platform.
This reconciliation method is highly recommended because it is:
- Easy: bank transactions and book entries are listed on the same page;
- Reliable: track your reconciliation progress & catch any discrepancies so you can fix them.
When you run your reconciliation, you'll find the list of imported bank transactions on the left and the book entries recorded in Springly on the right.
You can then match the corresponding transactions and entries, select them, and click the "Reconcile" button.
Importing transactions via Linxo
Everything you need to know about Linxo
This partner lets you automatically import your bank transactions — saving you from tedious steps like manual file imports or manual reconciliation.
Linxo is a reliable and secure solution:
- Linxo's website uses the same level of security as your bank;
- Linxo works closely with multiple banks.
Once your account is created and synced, Linxo retrieves the transactions from your bank account and feeds them into Springly on an ongoing basis.
Syncing Linxo with Springly
To sync your Linxo account:
- Go to the Accounting > Bank Reconciliation page;
- then click the Import from your bank tab;
- select the Automatic method;
- finally, click the "Sync your bank account with Linxo" button.
You'll be redirected to a page where you can select your bank.
Select your bank from the list. If yours doesn't appear, check whether it's included in the banks available on Linxo or visit this page on Linxo's website.
Don't have everything you need right now and want to come back later? Click "Cancel and return to Springly" below the bank list.
Once you've selected your bank, click "Authenticate".
You'll be redirected to your bank's website — enter the login credentials you normally use. Your bank will likely ask for a 3D Secure confirmation.
This process is 100% secure and allows Linxo to send your bank statement data to your Springly platform.
Once your account sync is confirmed, your synced account appears in the "Bank connection" list. You can add another bank account (at the same or a different bank) by clicking Add a connection. Otherwise, click "Cancel and return to Springly" at the bottom of the page.
Only bank transactions from the accounts you selected at your bank will appear in Springly.
You're back on the Import from your bank page. All that's left is to match each account created in Springly (left side) with the corresponding bank account synced from Linxo (right side). To do this, next to each Springly account, select the correct synced account instead of "Not linked", then click Save and confirm.
The "Not linked" label for your bank account in Springly will be replaced by "Sync active".
Only accounts synced in Linxo and linked in Springly will display bank transactions in the reconciliation interface.
Want to add a sync later? Click the "Manage bank accounts synced with Linxo" button below your list of bank accounts and follow the steps above again.
Automatic transaction import
Once Linxo is connected, your bank transactions will be displayed by statement in Springly.
Linxo only retrieves bank transactions from the past 3 months. For some banks, this may extend up to 6 months.
Springly automatically imports new transactions every night — only those not already imported, to avoid duplicates.
It may take up to 24 hours for your latest bank transactions to appear in Springly, as the data needs to sync between the two tools. If that's not the case, feel free to contact us.
Importing transactions via file
How it works
If you'd rather not use Linxo, you can manually import your bank transactions.
Unlike Linxo, you'll need to import your bank statement yourself each month.
Go to Accounting > Bank Reconciliation, then click the Import from your bank tab. Click File import. Select your bank and the file to import — you'll need to download it from your online banking portal beforehand.
Click Import: your transactions will be imported and displayed in the reconciliation interface.
Transaction files are time-limited, typically covering only the last two months. Import your transactions regularly and do not change file extensions (e.g., .txt to .ofx) to avoid errors.
Your bank isn't listed
If you've chosen file import for reconciliation but your bank isn't in the list, use an OFX file and select that format under another bank.
Unlike CSV, the OFX format is standardized — making it the preferred method for importing transactions.
Deleting imported bank transactions
If you've accidentally imported bank transactions — whether incorrect entries or transactions imported to the wrong account — here's how to delete them.
Go to Accounting > Bank Reconciliation and scroll down to the List of imported bank transactions section.
Select the bank account to display its transactions, which you can filter by date. Check the transactions you want to delete and click Delete selected entries.
If these bank transactions were already reconciled with book entries, those reconciliations will be undone.
Your complete guide: bank reconciliation in Springly
This guide combines theory and hands-on practice.
With tips and screenshots, it walks you through bank reconciliation in Springly. Enjoy!
Comments
0 comments
Article is closed for comments.