How Do Practice Bank Feeds work?

SILQ gives you the option to link your banking institution account to SILQ, automatically importing account transactions into SILQ from your bank, saving you even more time.

The process of reconciling your practice account involves matching the bank statement to transactions recorded in SILQ.

SILQ gives you the option to link your bank account to SILQ, automatically importing account transactions into the SILQ practice reconciliation from your bank.
SILQ uses smarts to prefill as much information as possible, saving you time.

The below information is for the Practice Accounts section of SILQ, not your Trust Accounts. For more information on Trust Bank Feeds, click here.

To start with, you will need to connect your SILQ Account with your Bank Feed.

To do this, navigate to Chart of Accounts and click on the Connect Bank Feed button.

In order for bank feeds to work properly, you need to link the relevant authorised external account (i.e. your bank account or credit card) with the associated SILQ account.

If an authorised external account is not linked to a SILQ account (LINKED TO is empty and there is a Connect button), then select the SILQ account and click "Connect".
If an authorised external account is linked to a SILQ account (LINKED TO shows the linked account an d there is a Disconnect button), then you can disconnect the account by clicking on the Disconnect button.

Once you have successfully linked a SILQ account to an authorised external account, then when you go to the Bank Feeds tab, it will show you the transactions of the authorised external account.

* SILQ will not show you the transaction that are prior to the date you authorise an external account.