Introduction
LoftyWorks prides itself on its powerful accounting software. We offer a seamless bank integration to reconcile your charges, or you can manually reconcile your payments to ensure proper organization. We recommend reconciling your transactions often so you have full insight into your financial health.
Summary
Bank Integration
LoftyWorks connects with your bank for seamless financial management. With this integration enabled, your bank feed will refresh every 4 hours. To integrate a bank account, navigate to Accounting > Bank and click the three horizontal dots in the right-hand corner to find the Connect your Bank button.
Once you have successfully connected your bank account, your LoftyWorks bank feed will refresh every four hours. You can view your last update date/time at the top of the bank.
With the integration enabled, click View Bank Statement to review and reconcile the charges.
Your bank charges will appear on the left side of the screen and the LoftyWorks charges will appear on the right side of the screen. LoftyWorks will attempt to match charges based on the amount. If the match is correct, click OK. Otherwise, you can either Find and Match the item or you can create a new one.
Manually Reconcile
If you have not integrated your bank account, you can upload a CSV file of your charges to reconcile your charges. To do so, click on Start Reconciliation.
This will take you to the statement import window. A template is available for your reference. Once the file is uploaded, you will be taken to the Reconciliation tab to start mapping your transactions.
Your bank charges will appear on the left side of the screen and the LoftyWorks charges will appear on the right side of the screen. LoftyWorks will attempt to match charges based on the amount. If the match is correct, click OK. Otherwise, you can either Find and Match the item or you can create a new one.
Questions?
Thank you for taking time to invest in your LoftyWorks learning. We hope you enjoy our best-in-class Property Management software. If you have any questions, comments, concerns, quips, queries, or quandaries, please email support@loftyworks.com.
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