Why and how can I link my bank account(s) and transactions to invoices in Legalinvoice Germany?
By linking to your bank, we mean importing financial data into the system. This financial data includes info on financial transactions (counterparty, communication, amount, etc.) and account balances.
Once this information is imported, the system can automatically match incoming and outgoing payments with sales and purchase invoices.
This way, you will always know when an invoice has been or needs to be paid, and reminders will be automatically sent. Thanks to this matching and the imported financial data, you can have a clear overview of your company’s cash flow and financial situation.
Open your profile by clicking ‘My company’ at the top left of your screen. In your company profile, click on the ‘Bank’ tab and click ‘Add’ to add an account number. Don’t forget to confirm with ‘Save’ after entering your bank account number.
In the ‘Digital’ column, click ‘Connect’ to link your bank account digitally (PSD2). You will be redirected to your banking environment where you can authorize the link.
