Set up accounting and bookkeeping
Connect the business bank account to bookkeeping so income and expenses are tracked from day one.
About 90 min · moderate · cost varies
Do these first
You can read this step now, but it will not work until those are done.
Why this matters
Catching up a year of untracked transactions costs far more than keeping up from the start.
What we'd use
Working out what fits your situation…
Doing it
Step by step
Pick the basis and the start date
Cash or accrual, and the date your books begin. Ask your accountant if unsure.
Connect the bank feed
Link the business account so transactions import automatically.
Categorise the first month
Review the imported transactions. Automatic categories are guesses until you check them.
Official help
- Open official page
Official product, pricing and get-started page.
Get your AI to help
Hand this to your AI
Set up bookkeeping
Get the business to a state where income and expenses are tracked automatically and categorised correctly.
How should it behave?
It stops and asks you before going further: Stop before making tax elections or filing decisions - route those to the accountant.
Legal, tax and financial rules differ by state and change. This is process guidance, not legal, tax or financial advice - for a binding answer, use the official agency source or a licensed professional in your state. Any tool named is a suggestion to evaluate, not a requirement.
You're done when
Bank transactions are importing automatically and the last 30 days are categorised.
- Not yet
Your bank account feeds into your books
Transactions appear automatically rather than being typed in.
- Not yet
Income and expense categories are set up (optional)
Enough categories to see where money goes, not more.
Check it worked: Run a profit and loss report for this month and check it against the bank balance.
Almost there
Still to confirm: Your bank account feeds into your books.
If it goes wrong
If the feed will not connect, most banks also allow a statement import while support investigates.