Accounting Integrations: Bank Feeds & Enriched Transactions Logging - Why Need Both

Bank Feeds vs Enriched Transaction Logging - Why neobanks need both to enable 100% end-to-end accounting automation

What is a Bank Feed? 

Traditionally, accountants manually compared and adjusted records to ensure a company’s cash balance matched the bank statement balances at the end of each month. This is known as reconciliation, and this process, while necessary for accurate financial records and compliance, can be time-consuming and prone to error.

Bank Feeds sync bank account and credit card transactions directly to accounting platforms, automating the identification of matches. This automation saves time and reduces the risk of costly mistakes—crucial for small and medium-sized businesses (SMBs) with limited resources. By eliminating manual data entry, Bank Feeds helps companies maintain accurate financial records effortlessly, freeing them up to focus on growth and meeting customer demands.

Read more about bank feeds here.

Getting listed as a bank in QuickBooks, NetSuite, Xero, and more

With Rutter, you can get listed as a bank in QuickBooks, Sage, NetSuite, and Xero in as little as 2 weeks—allowing your customers to effortlessly reconcile transactions made on your platform. This functionality, commonly known as bank feeds, is increasingly viewed as table stakes for modern fintech companies offering credit cards or banking.

Learn the ins and outs of efficiently rolling out bank feeds using Rutter's unified API. This session will dive into best practices, common challenges, and creative solutions to accelerate your integration process. Don't miss this opportunity to gain practical insights and expand your product's financial capabilities.

About the webinar

We’ll cover: 

• Introduction to bank feeds and why automated bank feeds are the new industry standard
• The difference between bank feeds and enriched transactions logging and why neobanks need both
• Examples of neobanks and B2B fintech companies offering bank feeds in their product workflows and how it works
• Options to embed bank feeds to your product workflows and how to launch both bank feeds and accounting integrations in as short as 2 weeks

Speakers: 

• Shir Goldberg, Product Lead at Rutter
• Eunice Lee, Solution Engineer Lead at Rutter

Who should attend?

• Product, engineer, partnership leads of neobanks, B2B fintech, and BaaS companies. Whether you are just starting out or actively working on building this at your company, this webinar can offer new insights and considerations.